(Molly Bruns, Headline USA) For the first time in United States history, the national debt has surpassed $30 trillion.
America’s national debt exceeded $30 trillion for the first time in history yesterday. pic.twitter.com/J00KxoF86J
— Morning Brew ☕️ (@MorningBrew) February 2, 2022
According to Human Events, when President Joe Biden took office, the national debt was $21.6 trillion.
This means nearly a third has been added in just the first year of Biden’s presidency.
“The government ran a budget deficit of $2.8 trillion in fiscal year 2021,” the report said. “The deficit slightly decreased, however, from a record-breaking $3.1 trillion in fiscal year 2020.”
The US debt was not projected to reach the $30 trillion mark for some time, but the increased spending in the White House has undoubtedly expedited the process.
According to USDebtClock.org, this benchmark means the country’s debt per citizen is around $90,000 and debt per taxpayer is an estimated $239,000.
The White House has not made any public remarks as of this writing.
The public, however, has made many comments regarding this historic benchmark:
It takes about 15-20 minutes for ice cream to melt.
According to the U.S. Debt Clock, in that amount of time the federal government will have added nearly $30 million to the national debt. pic.twitter.com/OjxL1OnKqe
— Convention of States (@COSProject) February 2, 2022
1943: $100 billion
1975: $500 billion
1982: $1 trillion
1986: $2 trillion
1990: $3 trillion
1996: $5 trillion
2008: $10 trillion
2017: $20 trillion
2022: $30 trillion https://t.co/evJnC78poY— Alex Gladstein ? ⚡ (@gladstein) February 1, 2022
We have the greatest economy $30 trillion of debt can buy.
— Sven Henrich (@NorthmanTrader) February 1, 2022
The US government now that the national debt clock has hit $30 trillion: pic.twitter.com/nIFL75RJrD
— LibertyDownUnder (@libertydownundr) February 2, 2022
