The US debt has exceeded 22 trillions of dollars

Data released by the Treasury Department show another significant increase in debt in the United States. How much is it exactly? Twenty-two billion, twelve billion, eight hundred and forty million, eight hundred and ninety-one thousand, six hundred and eighty-five dollars and thirty-two cents.

US debt
22 012 840 891 685,32 USD

Debt in an uptrend

The current level of debt in the US is about 10 trillion higher than 10 years ago. It can be said that during the term of Donald Trump the debt has grown to significant proportions. The record growth may testify, among other things, to the weakening purchasing power of the dollar and the increased tendency of state enterprises governing this form of financing. Where does this tendency come from? Returning to the events of the 2008 year, namely the financial crisis and the government of Barack Obama and administration activities, they approved, to a certain extent, the return to this form of financing. According to the government, it was to help reform the domestic economy.

Plan for debt

Donald Trump embracing governments in the United States, as one of the key postulates during his campaign, he presented "getting rid of debt". This activity was visible more or less until the 2017 year. Later, the trend turned out to be opposite, and the US debt began to grow again. This is mainly due to the reduction of corporate taxation, which significantly reduced the inflow to the state budget. From the beginning of his rule, debt has risen by more than 2 trillion dollars.