NATIONAL DEBT: Tops $22 Trillion for the First Time
America has hit a new high, but it’s not likely something Donald Trump will brag about. On Tuesday, for the first time, the national debut crept past the $22 trillion mark. This had experts sounding the alarm that the U.S. is on an unsustainable financial trajectory that could end up hurting every American’s pocketbook. According to the Treasury Department, after an increase of more than $30 in this month, the debut hit a new high of $22.012 trillion. Part of the blame goes to Trump, since the national debut has been rising at a quicker pace after the president’s $1.5 trillion tax-cut deal was put in place last year, as well as plans by Congress to hike up spending on military and domestic programs. In the last 11 months alone, more than $1 trillion has been tacked on the national debt.