FIVE REASONS WHY AMERICA IS IN DEBT
The U.S. debt is the sum of all outstanding debt owed by the federal government. On February 11, 2019, it exceeded $22 trillion.
The debt is greater than what America produces in a whole year. This high debt-to-gross domestic product ratio tells investors that the country might have problems repaying the loans. That’s a new and worrying occurrence for the United States. In 1988, the debt was only half of America’s economic output.
Why can’t the U.S. government print more money and pay off their debt?