The United States federal debt has soared to $35.3 trillion.
According to the CBO, the Kamala Harris economic plan would add another $1.9 to $2,2 trillion to the national debt.
This occurred during years of record tax revenues and economic growth.
In less than a year, the federal government has increased its debt by $1.9 trillion.
If the current administration remains in power, the Treasury’s own estimates predict an additional $16 trillion increase in debt by 2034, without accounting for any recession or slowdown in tax receipts.
She continues to say that “the government can easily service its debt because of its unlimited taxing authority and ability to issue more U.S. Treasury securities to repay maturing securities” (“The US debt is now $34 trillion.
This reckless increase in debt is happening in a growth period.
https://www.zerohedge.com/markets/how-government-debt-killing-us-dollar
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