The National Debt
The U.S. national debt is approximately
The national debt of the United States is the largest amount of money owed to the greatest number of people in the history of the world. How did we get here?
The answer is clear when we examine the annual budgets passed by Congress. This presentation examines the national debt, annual budgets, relevant tax laws, and social inequality from the 1940s to the present. The answers will likely surprise you. By the way, the national debt shown above is trillions of dollars.
Prerequisite: C100 Numbers or equivalent knowledge. You don't need to be an economist.
National debt clock above courtesy of Zfacts.
|C100||Numbers (or equivalent knowledge)|
|P101||The U.S. Tax Structure|
|P105||Universal Basic Income (UBI)|