The U.S. national debt reached its all-time high this month, surpassing $31 trillion. Over $11 trillion of the debt was added in the past 10 years alone, $5 trillion of which was a direct result of the debt spending initiated by the Biden administration in 2020. Graph showing the size of the U.S. debt from…
Driven in most parts by a response to the coronavirus pandemic, U.S. national debt has surged more rapidly than projected in recent years. As of Monday, the total public debt outstanding reached $30,012,386,059,238.29, an increase of nearly $7 trillion since January 2020, an amount equivalent to 13.3% of the total global debt. Since January 2020…