6 Important Historical Moments in Our Nation's Debt

intro: How the US reached $16 trillion in debt is a question for both political pundits and economists, but the answer may also be found in the history books. On Tuesday, the Treasury Department said the national debt has passed the $16 trillion mark for the first time. That's more than $50,000 for every man, woman and child in the US. Rep. Kevin Brady, R-Texas, vice chairman of the Joint Economic Committee and member of the House Committee on Ways and Means blamed the staggering amount,...Full Story
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