24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

U.S. Took Long Road to $16 Trillion Debt

How the US reached $16 trillion in debt is a question for both political pundits and economists, but the answer may also be found in the history books.

On Tuesday, the Treasury Department said the national debt has passed the $16 trillion mark for the first time. That's more than $50,000 for every man, woman and child in the US.

Source: ABC News. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement