U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic
New York TimesJUN 2022
Republican lawmakers -- and even some Democrats -- are finally waking up to the enormous challenges the national debt poses for US economic security. They're refusing to go along with Biden's irresponsible spending plans, which would only exacerbate the problem.
Administrations from both parties have promised to tackle America's spending problems for decades, but only Clinton succeeded in making a dent in the budget deficit. The current crisis has its roots in the Trump administration, which recklessly borrowed money to finance tax cuts for the wealthiest Americans.