#USNationalDebt

The U.S. national debt exceeds **$34 trillion**, the highest in history, driven by persistent budget deficits, tax cuts, and increased spending on defense, healthcare, and social programs. Debt-to-GDP ratio surpasses **120%**, raising concerns about long-term economic stability. While low interest rates previously eased borrowing costs, rising rates now increase debt servicing expenses. Political gridlock over spending and revenue complicates debt reduction efforts. Critics warn of inflation, reduced growth, and burden on future generations, while some argue manageable debt supports economic resilience. Sustainable fiscal policies and reforms are crucial to address the growing debt challenge.