
By Selwyn Duke
For decades, there would be much talk among politicians about United States budget deficits (and the national debt). Yet this faded sometime after 2010, at the latest, after which our debt achieved elephant-in-the-room status. It’s perhaps just too scary or inconvenient — when you want or are promising free stuff — to discuss. Regardless, what just happened is discussion-worthy. To wit:
U.S. public debt has reached 100 percent of GDP for just the second time (first was during the Covid pandemic) since the WWII-era. We’re now in league with debtor nations such as Greece, Italy, France, and Canada.
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