Notations on Our World (Weekly Edition): Out & About in America Courtesy @USAFACTS
The national debt's past, present, and future The national debt stands at $31.46 trillion. As the debt grows, the government must spend more of the federal budget on it and its interest. This burdens the government financially and diverts federal funds from essential programs. But without borrowing money, the government couldn’t fund public services and programs critical to Americans’ health, welfare, and security. Here are the numbers on the debt , how it’s changed over time, and its potential future. The national debt has grown by $25.73 trillion since 1993. The largest single-term increases were under President Barack Obama’s first term in response to the Great Recession and under President Donald Trump to combat the many effects of the pandemic. The national debt began at approximately $4.23 trillion under President Bill Clinton and grew to $5.73 trillion. Under President Joe Biden, the national debt has risen from $27.77 trillion to $31.46 trillion. (Read the article fo