National debt tops $22 trillion for the first time as experts warn of ripple effects

Yes, USA Today has finally recognized that there is debt. A HUGH amount of Debt…. too damn late.

The national debt has risen above $22 trillion for the first time, the Treasury Department reported Tuesday.

Over the last month, the national debt increased by $30 billion to $22.012 trillion.

The debt has been rising faster since Republicans passed President Trump’s 2017 tax cuts, and rose by more than $1 trillion in just the last 11 months.

An increase in domestic and military spending has contributed, too.

Experts say this could lead to an increase in interest rates, and make it more difficult for the government to cover programs. The national debt was at $19.95 trillion when Trump took office.

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