The US national debt is the amount of outstanding money that the federal government has borrowed in order to fund its various programs. On December 29th, the US Treasury Department published new data showing that the country’s national debt pushed above $34 trillion dollars for the first time in history. The US has had debt since its inception,” reads a statement from the Treasury Department’s website about the national debt. Records reveal that the revolution put the US over $75 million in debt. The country’s national debt grew in the years after the revolution but there was a point in US history where the federal government’s debt was brought to zero. Why do you think that the US national debt is growing so fast ?
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