Presidents from Reagan to Trump and US Debt
The article shows how American debt has reached 40 trillion dollars, a figure comparable to the economies of major countries, as a result of financial decisions and policies implemented over decades. The accumulation of debt began with the Revolutionary War and significantly increased in the 1980s due to tax cuts and increased military spending. It continued to rise due to wars, economic crises, and the COVID-19 pandemic, which added more than 5 trillion dollars in just one year. Additionally, social welfare programs and interest on the debt contribute to the rising debt figures. Government policies and international tensions remain key factors in the ongoing increase in debt, as the U.S. government continues to borrow to support various expenses, leading the debt to currently surpass 40 trillion dollars.
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