#USNationalDebt Key Points About the U.S. National Debt:

🔺 Where Are We Currently?

The U.S. national debt surpassed $34 trillion in 2024, which is the highest level ever.

🧾 How Is It Formed?

The debt consists of:

Public Debt: Treasury bonds sold to investors.

Intragovernmental Holdings: Money borrowed from funds like Social Security.

💥 What’s the Cause for Concern?

It could lead to higher interest rates.

It reduces the government's ability to spend on education or infrastructure.

It increases the risks of inflation or economic slowdown.

📈 Why Is It Increasing?

Large government spending (such as defense, Social Security, support programs).

Declining revenues or tax cuts.

Crises like the COVID-19 pandemic that increased government spending.