#USNationalDebt

#USNationalDebt

The U.S. national debt is the total amount of money the federal government owes to creditors. It builds up when the government spends more money than it earns, borrowing the rest through things like Treasury bonds and securities.

As of now, the debt has crossed $34 trillion, driven by spending on defense, healthcare, social security, and pandemic relief programs. The government pays interest on this debt, which adds to the overall financial burden.

Why does it matter? A growing debt can lead to higher taxes, reduced funding for public services, and pressure on future generations. It can also shake investor confidence, especially if the U.S. struggles to manage it.

In short, the national debt is like a massive credit card bill for the country—one that keeps growing. Managing it wisely is key to long-term economic health.