U.S. National Debt (#USNationalDebt )
The U.S. national debt is the total amount of money that the federal government of the United States owes to its creditors, whether they are individuals, investors, other countries, or even U.S. government agencies.
Simply put, it is the accumulation of budget deficits over the years. When the government spends more than it collects in revenue (taxes and fees), it borrows to cover this gap, which increases the debt.
Why is it important?
* Economic impact: It can affect interest rates, inflation, and the value of the dollar.
* Future borrowing capacity: High debt may make borrowing more difficult or expensive in the long run.
* Future generations: It represents a potential burden on future generations who will have to repay this debt.
This debt is primarily financed through the issuance of U.S. Treasury bonds, which are considered one of the safest investments in the world.