Only Yesterday—-How The Federal Debt Went From $1 Trillion To $18 Trillion in 33 Years

In the great fiscal scheme of things, October 22, 1981 seems like only yesterday. That’s the day the US public debt crossed the $1 trillion mark for the first time. It had taken the nation 74,984 days to get there (205 years). What prompts this reflection is that just a few days ago the national debt breached […]

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