#USNationalDebt As of 2025, the U.S. national debt has exceeded $34 trillion, reflecting years of budget deficits driven by government spending surpassing revenue. Key contributors include defense expenditures, Social Security, Medicare, pandemic relief, and tax cuts. The debt-to-GDP ratio remains historically high, sparking concerns about fiscal sustainability, inflation, and future economic growth. Rising interest rates have also increased debt servicing costs, straining federal budgets. Economists debate its impact—some warn of financial crises, while others argue the U.S. can manage due to its global economic position and dollar dominance. Addressing the debt may require tax reforms, spending cuts, or economic growth strategies.