#USNationalDebt

• The US government collects taxes to spend on public services (national defense, healthcare, education…).

• When spending exceeds tax revenue, the government must borrow money → creating public debt.

• This debt mainly comes from selling bonds to individuals and organizations both domestically and internationally (for example: China, Japan also buy US bonds).

As of 2024:

• US public debt has exceeded 34.5 trillion USD.

• This is a hot topic in US economics and politics, as high debt can affect interest rates, inflation, and the ability to repay in the future.