P102 - The National Debt

The U.S. national debt is approximately
$ today.

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.

ALC Press offers a lecture based on these materials.

Prerequisite:
C100Numbers (or equivalent knowledge)
Suggested pairings:
P101The U.S. Tax Structure
P105Universal Basic Income (UBI)

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