#USNationalDebt

The US national debt has recently surpassed $36 trillion, a significant figure representing 122% of the nation's GDP. This growing debt, accumulating from annual budget deficits, is influenced by factors like increased spending (e.g., pandemic relief, social programs) and tax cuts.

Consequences include higher interest payments on the debt, potentially leading to increased taxes, higher borrowing costs for individuals, and slower economic growth. While the US has historically managed its debt, the long-term trajectory raises concerns about fiscal sustainability and future generations' economic well-being