![]() Our Founding Fathers knew debt would be part of the game, though their calculators did not have the 13 digits required to signify one trillion. Either that, or the country would be repossessed. If the debt were a car and America suddenly had to pay for it, every man, woman and child would quickly have to come up with $85,200. has accumulated as much debt in the past two years as it did in its first 228 years. That’s an increase of almost $7 trillion in two years.Ĭonsider that our entire national debt didn’t hit $7 trillion until 2004. ![]() Thanks to the cavalcade of economic relief bills prompted by the COVID-19 crisis, the federal debt hit $28.2 trillion in 2021, according to the Congressional Budget Office. Especially since we’re now weaving it faster than Betsy Ross ever sewed that first American flag.
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