I owe more on my mortgage than I make in a year. I'm not insolvent.
The single largest four-year increase (about a quarter of all of it!) in the debt happened under the current President.
The single largest four-year increase (about a quarter of all of it!) in the debt happened under the current President.
Then, my kids enter college, so I take out some loans for that.
Low-interest debt can be useful, if utilized well.
Mostly to ourselves: https://en.wikipedia.org/wiki/National_debt_of_the_United_St...
... and we're paying less in interest on a percentage-of-revenue standpoint (blue line) than almost any other point in history: https://en.wikipedia.org/wiki/National_debt_of_the_United_St...
... and if it's truly a concern, picking the guy who ran the worst deficits in history is a... choice. https://en.wikipedia.org/wiki/National_debt_of_the_United_St...
We'll see about "projected".