“The US debt is about to hit $35 trillion. It didn’t come up at the GOP convention.”
July 24, 2024
“…Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department.
That’s a debt load that now represents over 120% of GDP. Earlier this year, the cost of interest payments alone passed the cost of defense spending…
Gallup recently found that federal spending and the budget deficit are collectively something 51% of respondents worry “a great deal” about, the sixth highest issue on the list. But that issue hasn’t translated into a campaign focus for either side...”