How Big Is the U.S. National Debt — and Why Does It Matter? | Just the Facts | Richard Jacobs
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How Big Is the U.S. National Debt — and Why Does It Matter? | Just the Facts | Richard Jacobs
How Big Is the U.S. National Debt — and Why Does It Matter?2🫵 A summary of Steve Ballmer’s analysis | By Richard Jacobs February 2026 The U.S. national debt now exceeds $38 trillion, built up over decades of annual budget deficits — when government spending exceeds tax revenue. The U.S. has run deficits in 92 of the last 125 years. To ...
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