The U.S. national debt has surpassed $34 trillion, raising concerns about long-term economic stability. This debt accumulates when government spending exceeds revenue, funded by borrowing through Treasury securities. Key drivers include defense spending, Social Security, Medicare, and interest payments. While manageable in the short term, rising interest rates increase the cost of servicing the debt, potentially crowding out other priorities. Economists debate the risks—some warn of inflation or reduced investment, while others argue the U.S. can sustain high debt due to its economic size and dollar dominance. Still, sustainable fiscal policies are vital to prevent future economic strain and ensure growth.
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