Tag Archive: wars

U.S. Crosses $20 Trillion in Debt Threshold

The United States was reportedly in debt as of Friday to the tune of $20.16 trillion. Yes-that’s trillion. To put this figure into context, well, let’s just say that you could stack $100 bills in massive piles all around the Statue of Liberty, and literally box her completely in. How did the U.S. get here you may be thinking…Well, the massive debt is a combination of things including previous tax cuts, fighting in wars and economic stimulus. Think about that for a moment. The Iraq... Continue Reading