FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Factors that contribute to the U.S.’s high national debt include continued federal budget deficits, the government borrowing from the Social Security Trust Fund, the steady Treasury lending from other countries, low interest rates that promote increased investment, and raised debt ceilings.

Detailed explanation-2: -The national debt for the United States, then, is the sum of all outstanding Treasury bills, notes, and bonds. The national debt is the total debt outstanding for a nation. That is, the total amount borrowed minus the total amount repaid, over time.

Detailed explanation-3: -In fiscal 2021, the average interest rate on federal debt was a record-low 1.605%. But with the Fed raising its policy rate to try to cool off the economy, the U.S. has started paying more to borrow: The average interest rate on federal debt last year ticked up to 2.07%.

Detailed explanation-4: -The interest on this debt is paid to individuals, businesses, pension and mutual funds, state and local governments, and foreign entities.