The American Debt: A Story of Endless Trillions 🤔

The American debt has exceeded 34 trillion dollars! 💰 This number is formed because government spending (on defense and healthcare) exceeds its tax revenues, resulting in a deficit that accumulates year after year. 📈

Who owns this debt? Not only American citizens and investors, but also foreign governments like Japan and China, which connects the entire world economy. 🌏

To add to the complexity, Congress sets a "debt ceiling," and reaching it sparks intense political debates. 🏛️ This situation affects everyone, as it can increase borrowing costs for citizens and businesses.

The solution remains the center of an ongoing debate: Should spending be cut or taxes increased? ⚖️