#USNationalDebt As of June 2025, the U.S. national debt is over $34.8 trillion, and continues to grow due to ongoing budget deficits, high interest payments, and increased government spending.

Key Points:

National Debt Breakdown:

Publicly Held Debt: Borrowed from investors (includes foreign holders, institutions).

Intragovernmental Holdings: Debt the government owes itself (e.g., Social Security trust funds).

Primary Causes of Growth:

Persistent budget deficits (when spending exceeds revenue).

Increased interest payments due to higher interest rates.

Large expenditures on **Social Security, Medicare