#USNationalDebt

• The U.S. government collects taxes to spend on public services (defense, healthcare, education...).

• When spending exceeds income from taxes, 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 and Japan also buy U.S. bonds).

As of 2024:

• U.S. public debt has exceeded 34.5 trillion USD.

• This is a hot topic in U.S. economics and politics, as excessive debt can affect interest rates, inflation, and future repayment capabilities.