Under former President Joe Biden and his absurd inflationary policies and President Donald Trump and his spasmodic tariff obsession, the cost of living has continued to rise while the federal government has continued to drag the people into what feels like insurmountable debt.
Thanks to a decadeslong spending spree that would put even the most dedicated shopaholic to shame, the U.S. national debt has reached $38.3 trillion and counting, amounting to a debt per citizen of $111,503 and a debt per taxpayer of $329,022. It is 121% of the country’s gross domestic product.
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