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39 Going On 40 (Trillion)
39 Going On 40 (Trillion)
Authored by Robert Aro via The Mises Institute,
A little over two weeks ago, on April 7th, the U.S. national debt crossed $39 trillion. Since then, another $150 billion has already been added to the ledger. While major news outlets missed the milestone, every trillion is worthy of mention.
House Budget Chairman Jodey Arrington (R-Texas) put the figure in perspective:
America is now $39,000,000,000,000 in debt—yes, $39 trillion. It took roughly 200 years to accumulate the first $1 trillion. Now we add that in a matter of months… Compounding the problem, we...
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