National debt of the United States in 2022 || in 3D
The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders.
America's growing debt is the result of simple math — each year, there is a mismatch between spending and revenues.
When the federal government spends more than it takes in, we have to borrow money to cover that annual deficit. And each year’s deficit adds to our growing national debt.
Historically, our largest deficits were caused by increased spending around national emergencies like major wars or the Great Depression.
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