#USNationalDebt
What is the U.S. national debt?
It’s the total amount of money the federal government owes to creditors. It grows when the government spends more than it earns and borrows money to cover the gap.
🧩 The debt is split into two parts:
Public Debt (~$27T)
Money borrowed from individuals, institutions, and foreign governments (like China and Japan).
Intragovernmental Holdings (~$7T)
Money the government owes itself (mostly to programs like Social Security and Medicare).
⚠️ Why it matters:
High debt can lead to higher interest rates
It can limit government spending
It increases economic risk during crises
Can affect dollar strength and global trust in the U.S. economy.