#USNationalDebt

The American national debt is considered one of the most prominent economic issues that generates controversy both locally and internationally. It has recently surpassed the $34 trillion mark, which puts tremendous pressure on the federal budget and the global economy in general. This debt accumulates due to the ongoing gap between government spending and public revenues, especially in light of increasing commitments in areas such as healthcare, defense, and debt servicing.

The rise in interest rates by the Federal Reserve has increased the cost of servicing this debt, which means that a larger share of the budget is directed towards paying interest instead of long-term investments. This situation raises serious questions about long-term financial sustainability, its impact on the dollar, and the credit rating of the United States.