#USNationalDebt

The U.S. national debt has surpassed $34 trillion, reflecting decades of budget deficits and rising government spending. This debt represents the total amount the federal government owes to creditors, including domestic and foreign investors. Key drivers include military expenditures, entitlement programs like Social Security and Medicare, and interest payments. Economic downturns and stimulus measures, such as those during the COVID-19 pandemic, have further increased borrowing. Critics warn that excessive debt can hinder growth and raise inflation risks, while others argue it’s manageable relative to GDP. As interest rates rise, servicing this debt becomes more expensive, fueling debates about fiscal responsibility and long-term sustainability