It didnt take long for the U.S. to rack up another trillion dollars of debt
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It has taken a little more than six months for the U.S. national debt to grow by a trillion dollars, a quick clip that has little precedent over the nations recent history.
Last week, the debt hit $21 trillion for the first time, rising from the $20 trillion mark it notched on Sept. 8. The debt is guaranteed to go higher, with President Donald Trump having signed a debt-limit suspension in February, allowing unlimited borrowing through March 1, 2019. Economists expect wider deficits to result from the tax cut Trump signed in December.
While a trillion-dollar increase over roughly six months isnt unprecedented there was one in 2009, during the Great Recession, and another in 2010 its certainly fast.
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The first time the nations debt hit $1 trillion was in October 1981, during Ronald Reagans first term.
...more at
https://www.marketwatch.com/story/it-didnt-take-long-for-the-us-to-rack-up-another-trillion-dollars-of-debt-2018-03-20