Since 2008, U.S. federal debt has surged nearly 200%, reaching $27 trillion in October 2020. It matters because this accumulation of federal debt cannot go on forever; taxpayers eventually will be forced to fill the hole. Over the past decade, more taxpayer dollars have been used to pay interest on the debt than on federal funding for veterans benefits and education programs.
To gain a better understanding of America’s federal debt crisis, VisualCapitalist.com has published this infographic. 11/23/2020