#USNationalDebt Key Factors Driving the Debt

Massive Federal Spending: Programs like Medicare, Medicaid, and Social Security require substantial funding, especially as the population ages.

Tax Cuts and Wars: Past tax cuts and military conflicts in Iraq and Afghanistan added trillions to the debt.

Pandemic Relief: COVID-19 stimulus packages contributed significantly to the recent surge in borrowing.

Rising Interest Rates: The Federal Reserve’s rate hikes increase the cost of borrowing, further compounding the debt.