Time to Worry
October 30, 2018 · Features, Magazine, Politics
It took the United States 193 years to accumulate its first trillion dollars of federal debt. We will add that much in the current fiscal year alone.
James Grant is a financial journalist and founder of Grant's Interest Rate Observer, a widely respected Wall Street newsletter. He is known for his expertise in economic history, monetary policy, and financial markets. He contributed occasional essays and reviews to The Weekly Standard between 2008 and 2018.
It took the United States 193 years to accumulate its first trillion dollars of federal debt. We will add that much in the current fiscal year alone.
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