In many respects it is the basis of the global financial system. That is not to say the national debt is imaginary - it is very real. The national debt, at least as far as politics is concerned, is a symbol - a representation of something else, just like Durst’s ticker on West 43 rd Street. It is the obligation of minority parties to view the majority’s agenda as wasteful, and by extension regard the money spent on those priorities as money better off not spent. “The argument is that interest rates are low. John Thune, R-S.D., said during Treasury Secretary Janet Yellen’s nomination hearing. “What I'm concerned about is we seem to have no concern now about borrowing money in the short term,” Sen. And we are hearing them again, as Congress debates a nearly $2 trillion relief package to respond to the pandemic and its economic fallout. Lawmakers have echoed Durst’s distaste for the national debt for decades, with varying degrees of sincerity. economy $16 trillion, give or take, and Congress appropriated more than $3 trillion in aid in 2020. The coronavirus pandemic has cost the U.S. The clock currently reads $28 trillion, give or take, and will grow rapidly in the coming years. The clock can now track our collective debt into the quadrillions. In 2008, less than 20 years later, the debt clock ran out of digits, forcing the Durst Organization to add two more. When Durst died in 1995, the national debt totaled more than $4 trillion.
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