Bad news! President Trump needs to do more to contain or even reduce federal debt! This trend of ever higher government debt is unsustainable!
When the Euro currency was introduced in the EU, a government debt to GDP ratio of higher than 60% was considered to be a serious warning sign of too much government spending!
"The country’s “total public debt outstanding” officially hit $40.047 trillion, the Treasury Department reported—a threshold that carries symbolic weight but isn’t, by itself, economically significant. In recent days, rising long-term government borrowing costs—and a sudden reversal Wednesday after the Treasury announced plans to buy back more long-term debt—have underscored the stakes of what economists broadly agree is an unsustainable fiscal trajectory. ..."
U.S. Debt Just Topped $40 Trillion: How We Got Here "The U.S. has hit a new borrowing milestone, while debt as a share of GDP nears levels last seen during World War II"
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