#USNationalDebt The U.S. national debt, currently exceeding $37 trillion, represents the cumulative borrowing by the federal government over its history. This staggering figure is driven by persistent budget deficits, where government spending outpaces revenue. Major contributors include increased outlays for social programs like Medicare and Social Security, defense spending, and substantial tax cuts. Events like the COVID-19 pandemic also significantly escalated the debt due to extensive relief packages. The rising debt leads to increased interest payments, which divert funds from other crucial areas like infrastructure and education. This unsustainable trajectory poses long-term risks, potentially hindering economic growth and limiting the nation's fiscal flexibility in future crises.