#USNationalDebt The US National Debt is the total amount the United States government owes to its creditors, including both domestic and foreign investors. As of 2024, it has surpassed $34 trillion, making it the largest in history. The debt grows due to annual budget deficits caused by higher government spending than revenues, financing programs like Social Security, Medicare, defense, and disaster relief. The government borrows by issuing Treasury securities. The rising debt raises concerns about long‑term economic stability, potential inflation, and higher interest payments. Policymakers debate solutions like spending cuts, tax reforms, or balanced budgets to ensure sustainable economic growth for future generations.