The national debt is about $27 trillion.
It’s enough to make one nostalgic for the time when Obama inherited a national debt of only $9 trillion.
I remember when I was worried as a much younger person that the cost of the first Iraq war under Bush the Elder was going to bankrupt us.
I’m going, heck, each one of those cruise missiles costs a million bucks! How can we possibly afford this??
Silly me.
https://usdebtclock.org/ has it at 28 trillion but with this 1.9 trillion bill, we can just call it 30 trillion now.
Agree. The darn Fed Gov. is not the answer to solve problems. These so called econ types in treasury, plus other Fed Departments claim they have masters/PHD’s in Econ.
I doubt they ever consider any micro theory. They always use macro national income accounting. They never consider assets, and the debt like the 28 trillion. No business could get a loan with a debt more then their
assets/ business net worth and/or the owner’s personal assets. Congress just PO’d 1.9 trillion.