$27,000,000,000,000: America’s National Debt Explained – TLDR News

In recent weeks America’s national debt has remerged as a major talking point. With Biden set to spend trillions on new initiatives, many in the Republican party are growing concerned by the scale of the debt. So in this video…

$27,000,000,000,000: America’s National Debt Explained - TLDR News

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In recent weeks America’s national debt has remerged as a major talking point. With Biden set to spend trillions on new initiatives, many in the Republican party are growing concerned by the scale of the debt. So in this video we explain the state of the US national debt & debate whether Biden’s spending is a good idea or not

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1 – https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
2 – https://datalab.usaspending.gov/americas-finance-guide/deficit/trends/
3 – https://fred.stlouisfed.org/series/GFDEGDQ188S
4 – https://www.piie.com/research/piie-charts/us-debt-has-increased-burden-servicing-it-has-fallen
5 – https://twitter.com/paulkrugman/status/1351516348636164099
6 – https://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html
7 – https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html
8 – https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic

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