The Crushing Weight of the US National Debt The United States' national debt has become a pressing concern for economists, policymakers, and citizens alike.
Currently standing at over $28 trillion, it is a significant figure that has grown from just a few decades ago but still has a profound impact on the economy.
The History of US National Debt: A Long Term Perspective The history of the national debt stretches back to colonial times, with the first debt incurred during the Revolutionary War when the Continental Congress issued bonds to finance its war efforts against Britain.