How U.S. federal debt got so big

12/16/21
 
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from The Washington Post,
12/14/21:

This week’s vote on Capitol Hill to raise the debt ceiling by $2.5 trillion reflects the aggressive spending that lawmakers undertook over the past two years to try to address the societal and economic fallout caused by the coronavirus pandemic.

Over the past decade U.S. federal debt has steadily ticked upward tracking with the country’s economic growth. It accelerated once the pandemic took hold.

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