The Soaring US National Debt: Causes and Consequences The United States national debt has become a pressing concern in recent years, surpassing $28 trillion and climbing steadily as a percentage of GDP.
This level of debt is not unprecedented but its rapid growth rate and size have raised alarms among economists and policymakers.
Understanding the Rise of US National Debt The national debt has grown steadily since World War II, when the government began issuing securities to finance its war efforts.