#USNationalDebt

The American Debt: The Story of Never-Ending Trillions 🤔

The American debt has surpassed $34 trillion! 💰 This figure is shaped by government spending (on defense and healthcare) exceeding its tax revenues, resulting in 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, linking the entire world economy. 🌏

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

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