#USNationalDebt

The U.S. national debt refers to the total amount the federal government owes to creditors, both domestic and international. As of 2025, it has surpassed $34 trillion, driven by decades of budget deficits, military spending, social programs, and interest payments. The debt grows when government spending exceeds tax revenue. It is financed by issuing Treasury bonds. While some argue it fuels economic growth, others warn it burdens future generations and could spark inflation or reduced global confidence. Managing this debt involves tough policy decisions, including tax reforms and spending cuts. It's a central issue in American politics and economic planning.