The current system is a runaway train ...
The debt has increased by $2.2 trillion in the past year and by $10.9 trillion in the past five years.
At the current pace, the debt is projected to reach $39 trillion by spring 2026
The last time the U.S. federal government had a balanced budget was in fiscal year 2001, during the Clinton administration. That period of surpluses spanned from 1998 through 2001, fueled by strong economic growth and policy decisions that boosted revenues and restrained spending.
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