Total deficits to date, from 1789 thru 2021: $20,936,451,000,000.
Current debt: $31,511,730,000,000.
Ergo, NOT ONE PLUG NICKLE of ‘taxes’ has EVER gone to paying off principle. NOT ONE PLUG NICKLE ever will go to paying off principle, under the present fiat bankstering non-federal non-reserve FED system.
So, on this score, there should NEVER EVER be ANY increase in the so-called “debt ceiling”.
It’s a complete fraud on the American taxpayer.
When any Politician states they want to raise the debt ceiling they are really saying they want to raise taxes on everyone across the board without voting for it.
Republicans should constantly remind the young people that they will have to carry the cost of the debt and maybe pay it off.