As of 2025, the U.S. national debt exceeds $34 trillion, driven by persistent budget deficits, high government spending, and rising interest costs. Key contributors include defense expenditures, social security, Medicare, and pandemic-related relief. The growing debt raises concerns over inflation, economic stability, and future tax burdens. Interest payments alone are projected to surpass defense spending soon. Economists debate the long-term impact: some warn of potential fiscal crises, while others argue the U.S. can manage due to the dollar’s global reserve status. Political gridlock continues to hinder significant reforms aimed at reducing deficits or restructuring entitlement programs. The issue remains unresolved.
