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Title : U.S. National Debt To Surpass $78 Trillion By 2028
link : U.S. National Debt To Surpass $78 Trillion By 2028

U.S. National Debt To Surpass $78 Trillion By 2028

Mike Patton, Forbes: National Debt To Surpass $78 Trillion By 2028: What It Means For Americans

The coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today. Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression. Even though borrowing excessively may have been the lesser of two evils, the burgeoning debt will have ramifications in the future. With the debt approaching $27 trillion, and projected to rise to $78 trillion by 2028, it will present significant challenges. How has the national debt changed during past presidential administrations? How will a Biden or Trump win in November impact the future? How will the current fiscal crisis affect future taxation?

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WNU Editor: Here is an easy prediction. Future generations are going to hate us for giving them this massive obligation.

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