What Is Our National Debt

The federal government regularly spends more than it collects -- the difference is known as.

What is our national debt. It is estimated to be more than 9 trillion. The national debt level of the United States is a measurement of how much the government owes its creditors. As a result we are already seeing the beginning of an austerity.

It is the total amount of money that the US. Of this amount nearly 22 trillion is subject to the statutory debt ceiling leaving just 25 million in unused debt capacity. At the same time Congress has spent more to stimulate the economy.

Owes its creditors -- is about 25 trillion. It consists of two types of debt. The national debt of the United States barreled past 23 trillion on November 1 according to data from the Treasury Department.

Public debt held by other countries the Federal Reserve mutual funds and other entities and individuals Intragovernmental holdings held by Social Security Military Retirement Fund Medicare and other retirement funds. Over the next 10 years our debt will continue to mount as growth in spending fueled primarily by the aging population rising healthcare costs and escalating interest payments will significantly outpace the projected growth in revenues. Government debt increases as a result of government spending and decreases from tax and other revenues.

Currently the national debt -- which measures what the US. The national debt of the United States is the total debt or unpaid borrowed funds carried by the federal government of the United States which is measured as the face value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies. The national debt which had already risen sharply in recent years thanks to President Trumps tax cuts is soaring.

Since the government almost always spends more than it takes in via taxes and other. Its also called sovereign debt country debt or government debt. National debt is the sum of these two federal debt categories.