The US government is borrowing billions a day.
The national debt is a political football. Over the last four years, Republicans have proclaimed that the ocean of red ink flooding Washington is an existential threat. In the previous four years, it was the Democrats who rang the IOU alarm bells. A chief tenet of Politics 101 is to worry about the national debt when in opposition and then ignore it upon securing the highest office in the land. Will President-elect Donald Trump be more fiscally responsible than President Joe Biden? What about Trump’s successor in 2029? Whether in war or peace, boom or bust, America’s fiscal health deteriorates.
The National Debt Is How Much?
As of December 24, 2024, the national debt stands at $36,146,819,184,367.10. This is broken down into categories: debt held by the public (debt held by…
