$BTC #US National Debt

The issue of US national debt primarily stems from the federal government's long-term fiscal deficit, leading to a continuous rise in the scale of national debt. As of 2025, the total national debt has exceeded $35 trillion, accounting for more than 120% of GDP. High levels of debt increase the interest burden, with interest expenditures expected to be nearly $1 trillion in the 2024 fiscal year, crowding out other public spending. The Federal Reserve's interest rate hikes have raised borrowing costs, further intensifying the pressure. Periodic disputes over the national debt ceiling have created market uncertainty and increased default risks. In the long term, an aging population and rising social security expenditures pose challenges to fiscal sustainability. Without reforms such as tax increases or spending cuts, high debt may threaten economic stability and even trigger turmoil in global financial markets.