#USNationalDebt

American Debt: The Story of Endless Trillions 🤔

The American debt has exceeded 34 trillion dollars! 💰 This figure is formed because government spending (on defense and healthcare) exceeds its tax revenues, leading to a deficit that accumulates year after year. 📈

Who owns this debt? It's not just American citizens and investors, but also foreign governments like Japan and China, which connects the entire world economy. 🌏

To add complexity, Congress sets a "debt ceiling," and reaching it triggers intense political debates. 🏛️ This situation affects everyone, as it can raise borrowing costs for citizens and businesses.

The solution remains a subject of ongoing debate: should spending be cut or taxes increased? ⚖️