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Debt Soars Since Trump Left Office

Debt Soars Since Trump Left Office

Published 3 days, 6 hours ago
Description

The U.S. national debt has surged past $39 trillion, sparking fresh debates over spending and taxes — with nearly a quarter of all debt since the nation’s founding added since Trump left office. While critics point to tax cuts and pandemic spending as drivers, supporters argue inflation, economic growth, and bipartisan relief efforts must be considered. With the debt-to-GDP ratio hitting 123% — its highest since WWII — experts warn rising interest rates, entitlement costs, and persistent deficits will fuel fierce political battles over the future of government finance.

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