#USNationalDebt
The US national debt is approximately $36.56 trillion as of March 6, 2025. This debt is composed of:
Debt Held by the Public: $29 trillion, approximately 77% of GDP in 2017
Intragovernmental Holdings: $7.4 trillion, representing amounts owed to government trust funds like Social Security
The national debt enables the federal government to fund programs and services, but its growth has raised concerns about long-term sustainability. Factors contributing to the debt include :
Government Spending: Increased spending on programs and services
Tax Cuts: Reduced tax revenue due to tax cuts
Economic Downturns: Increased borrowing during recessions and crises like COVID-19