The Debt Distraction: When Experts Get It Wrong The national debt has long been a contentious issue among economists and policymakers. In recent months, it has reached crisis levels – or so the narrative goes.
Last month marked a milestone: the United States' national debt surpassed $40 trillion. This staggering figure averages out to about $116,000 per American.
Economists like Jared Bernstein, former chair of the US Council of Economic Advisers under President Joe Biden, have sounded the alarm.