Sad part is that, you can basically pick any random date over the past 50 years and this headline would ring true at that time. Our debt always seems to be at an all time high.
What is the hedge for this? Digging a really deep hole somewhere?
As an American, I hear "8 trillion dollars in debt" and it seems like monopoly money.
Nobody lets you borrow 8 trillion dollars without paying some of it back.
As far as I'm concerned, it's a made-up number, it's only gotten bigger every moment I've been alive, and nothing ever comes of it.
When the universe dies, the US national debt will be at one gajillion...
An yet people will die on the hill of "republican economics." I truly can't understand it.