The Gross Federal Debt of the United States crossed $30.0 Trillion in February of this year. This mountain of debt is bound to grow as additional freebies are handed out by the Federal government including the recent student loan forgiveness program. For an average American anything more than a million is all numbers with lots of zeros. So billions and trillions simply mean some big number that nobody needs to worry about. The thinking goes whether the debt is $30 Trillion or $300 Trillion who cares.
The following infographic from the Peter G. Peterson Foundation puts the nation debt in perspective and how it impacts us all:
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Source: Peter G. Peterson Foundation