#USNationalDebt has surpassed $34 trillion, reflecting years of government spending exceeding revenue. This growing debt poses challenges to economic stability, potentially leading to higher interest rates and reduced investment. Key drivers include defense spending, entitlement programs like Social Security and Medicare, and recent pandemic relief measures. As interest payments consume a larger share of the federal budget, concerns rise about long-term fiscal sustainability. Economists debate whether the U.S. can continue borrowing without consequences, especially as global confidence in U.S. Treasury securities remains high. Addressing the national debt may require a combination of spending cuts, tax reforms, and economic growth strategies.