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IPFS News Link • Government Debt & Financing
U.S. debt now $7 trillion bigger than the entire economy
• FinboldThe debate grew particularly prominent in recent years thanks to the effects of the 2008 crash and the associated debt jump, and – arguably even more – thanks to the unprecedented rise in the public burden during and after the COVID-19 pandemic.
More recently, the discussion came into sharp focus in early 2023 when the country again approached the debt ceiling, reigniting the long-standing fight between officials on the exact conditions for its raising.