As the national debt continues to climb and approach an unprecedented $31 trillion, FOX Business compares U.S. government debt to that of other nations.
Purdue University President Mitch Daniels discusses the president's student loan handout, telling 'Cavuto: Coast to Coast' it's very disappointing and universities should bear some responsibility for student debt.for the first time as early as this month.
While several countries worldwide accelerated their spending in response to COVID-19, spending by Congress was already increasing at a speedy clip long before the pandemic sparked a borrowing surge that exacerbated the rate.America has the largest national debt in the world at $30.9 trillion. With a population of over 333 million, that means a debt burden of $92,709 per citizen and $245,191 for each taxpayer and equates to a public debt to gross domestic product ratio of 97.
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