President-elect Joe Biden's nominee for treasury secretary stressed that if we don't shore up the economy now, we'll have a worse crisis to manage later.
The last time the deficit was this high, as a percentage of the total economy, was 1946.
The first president warned the country against accumulating national debt. Today the U.S. owes over $23 trillion.
It's a new fiscal year for America. Let's look at our debt.
We have short-term focus but a long-term problem.
A new estimate by the Congressional Budget Office says the plan could add $1.7 trillion to the deficit