#USNationalDebt

#USNationalDebt refers to the total amount of money the U.S. federal government owes due to borrowing to cover budget deficits. As of 2025, it has surpassed $34 trillion — a record high.

Key Points:

Two main components: public debt (owed to investors) and intragovernmental holdings (owed within government entities).

Main drivers: high spending on defense and social programs, tax cuts, and emergency stimulus packages (e.g., COVID-19 relief).

Economic impact: higher interest rates increase debt servicing costs; potential long-term burden on future generations.

Political divide: Republicans often push for spending cuts; Democrats tend to support increased investment even if it raises debt short-term.