America's Crushing Tab: When Does Fiscal Irresponsibility Become a National Emergency? The United States' federal debt has reached an unprecedented milestone, hitting $40 trillion this week.
While it may be tempting to view this as another grim milestone in our nation's financial trajectory, the reality is more insidious. The sheer scale of our national debt is warping the very fabric of our economy.
Since 2017, the national debt has doubled in just five years, with a rapid acceleration that should be alarming on its own.