#USNationalDebt The US national debt, currently exceeding $37 trillion, represents the total accumulated borrowing by the federal government. This figure continues to rise due to consistent budget deficits, where government spending outpaces tax revenues. Key drivers include increased outlays for social programs, defense, and stimulus measures, particularly during economic downturns like the COVID-19 pandemic.

A significant concern is the escalating cost of servicing this debt, with interest payments now consuming a substantial portion of the federal budget. This can "crowd out" private investment, potentially slowing economic growth, reducing job creation, and impacting individual wages. While the US government can indefinitely roll over its debt, sustained high levels pose long-term risks to fiscal stability.