#USNationalDebt The U.S. national debt has surpassed $34 trillion, raising concerns about long-term economic stability. This debt accumulates when government spending exceeds revenue, requiring borrowing to cover the gap. Major contributors include military expenses, Social Security, Medicare, and interest payments. While some economists argue that debt can stimulate growth, rising interest costs threaten to crowd out other spending. The growing debt also puts pressure on future generations and can impact investor confidence. As the Federal Reserve navigates inflation and budget deficits remain high, balancing fiscal responsibility with economic support remains a critical challenge. Addressing the debt will likely require tough decisions on taxes, spending cuts, or both.