#USNationalDebt #USNationalDebt
The U.S. national debt has surpassed $34 trillion, raising concerns about long-term fiscal stability. This debt is the result of decades of budget deficits, driven by government spending on defense, social programs, and economic stimulus efforts. Rising interest rates have worsened the situation, increasing the cost of servicing the debt. Economists warn that unchecked debt growth could crowd out private investment, weaken the dollar, and limit future government flexibility. Political debates continue over solutions like spending cuts, tax reforms, or entitlement restructuring. As the 2024 election cycle heats up, national debt policy is becoming a central issue for both parties.