The national debt has grown so large over time that people notice when it hits a new high. Here are just a few milestones over the years.

U.S. National Debt Year

$25 billion 1934

$40 billion 1939

$100 billion 1943

$250 billion 1945

$500 billion 1975

$1 trillion 1982

$2 trillion 1986

$3 trillion 1990

$4 trillion 1992

$5 trillion 1996

$6 trillion 2002

$7 trillion 2004

$8 trillion 2005

$9 trillion 2007

$10 trillion 2008

$11 trillion March 2009

$12 trillion November 2009

$13 trillion June 2010

$14 trillion December 2010

$15 trillion 2011

$16 trillion 2012

$17 trillion 2013

$18 trillion 2014

$19 trillion 2016

$20 trillion 2017

$21 trillion 2018

$22 trillion February 2019

$23 trillion October 2019

$24 trillion April 2020

$25 trillion May 2020

$26 trillion June 2020

$27 trillion October 2020

$28 trillion March 2021

$29 trillion December 2021

$30+ trillion January 2022

According to the World Bank, when a country's Debt-to-GDP ratio exceeds 77%, it slows economic growth and investors (stock markets) worry about default or the inability of the nation to repay its debt.

Fiscal Year Debt (in billions) Debt-to-GDP Ratio

1929 $17 16%

1930 $16 17%

1931 $17 22%

1932 $20 34%

1933 $23 40%

1934 $27 40% 

1935 $29 39%

1936 $34 40%

1937 $36 39%

1938 $37 42%

1939 $40 51%

1940 $43 49%

1941 $49 44%

1942 $72 48%

1943 $137 70% 

1944 $201 91%

1945 $259 114%

1946 $269 119%

1947 $258 103%

1948 $252 92%

1949 $253 93%

1950 $257 86%

1951 $255 74% 

1952 $259 71% 

1953 $266 68%

1954 $271 69%

1955 $274 64% 

1956 $273 61% 

1957 $271 57%

1958 $276 58%

1959 $285 55%

1960 $286 54%

1961 $289 52%

1962 $298 50%

1963 $306 48%

1964 $312 46%

1965 $317 43%

1966 $320 40% 

1967 $326 40% 

1968 $348 39% 

1969 $354 36%

1970 $371 35%

1971 $398 35%

1972 $427 34%

1973 $458 33%

1974 $475 31%

1975 $533 32%

2017 $20,245 104%

2018 $21,516 105%

2019 $22,719 107%

2020 $27,748 129%

2021 $29,617 124%

The debt ceiling keeps expanding and we've gotten into a bottomless hole with no way out. Projections for the U. S. economy in the decades ahead are dark and very bleak. Dems LIE when they tell you more spending helps. Common sense and history tells us it doesn't.

We fought the Revolutionary War to end unfair taxation enacted by England on America yet, in the years since our founding, we have allowed our government to do it to us.