#USNationalDebt

As of mid-2025, the *U.S. national debt* is over *$35 trillion*.

Key Points:

- Grows due to *budget deficits* (when spending > revenue)

- Driven by:

- *Interest payments*

- *Social programs* (Social Security, Medicare)

- *Defense spending*

- *Tax cuts or economic stimulus*

Impact:

- *Higher interest rates* = more expensive to service debt

- Can weaken the *U.S. dollar* over time

- Some fear it may lead to *inflation* or future tax increases

- Others say it's manageable if the economy grows faster than the debt