It is not just Covid. It is the entire Obama/Trump era up to Biden currently.
The National Debt was $6 trillion in 2008. Obama added $8 trillion. Trump added $13 trillion more. I blame Pelosi but it was on Trump’s watch. He didn’t stop it. Biden has added $4 trillion more, in a single freaking year!!!
This has been a long time coming, by both parties and multiple presidents. It is accelerating under Biden - I will give you that.
Unless I am incorrect, at the beginning of the Bush II administration, the national debt was $1 trillion or so.
This is a Ponzi scheme. The solution is not to tax more and further, nor to stop spending alone.
The solution is to -- one-time -- abrogate the entire national debt, and disband the Fed. Restructuring would be difficult, but each day that passes it will become all the more painful.