President Bill Clinton & VP Al Gore left office with budget surpluses into the future that REPUBLICANS squandered.
Where are 'conservative' REPUBLICANS on this issue? [REPUBLICANS passed a TAX SCAM that caused this.]
CRICKETS!
The U.S. government's public debt is now more than $22 trillion — the highest it has ever been. The Treasury Department data comes as tax revenue has fallen and federal spending continues to rise. The new debt level reflects a rise of more than $2 trillion from the day President Trump took office in 2017.
Over the next 10 years, annual federal deficits (when Congress spends more than it takes in through tax revenues) are expected to average $1.2 trillion, which would be 4.4% of gross domestic product. That's far higher than the 2.9% of GDP that has been the average for the past 50 years.
This debt is not sustainable.
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