💰 Understanding National Debt 📉
National debt is the total amount a government owes to creditors, often from borrowing to cover budget deficits. As spending outpaces revenue, debt rises—impacting interest rates, inflation, and future growth.
In the U.S., debt has surpassed $34 trillion, raising concerns about sustainability. High debt means more taxpayer money goes to interest payments instead of public services.
🔍 Why it matters?
Too much debt can weaken a country’s economy and lower investor confidence. Long-term solutions include fiscal discipline, smarter spending, and economic growth.