#USNationalDebt The U.S. national debt exceeds $34 trillion as of 2025, driven by decades of government spending outpacing revenue. It includes both public debt held by investors and intragovernmental holdings like Social Security. Major contributors include defense, healthcare, social programs, and interest payments. Rising debt poses long-term risks, including higher borrowing costs and reduced fiscal flexibility. The debt-to-GDP ratio, a key indicator of sustainability, remains elevated. While the U.S. can manage its debt due to global confidence in the dollar and Treasury bonds, ongoing deficits and political gridlock raise concerns about future economic stability and potential impact on future generations.