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The history of U.S. government debt, 1790-2015

Until 1980, the U.S. had undergone only 5 short periods of rising debt. Since 1980, rising debt has become the norm.

Source: 18 Trillion Things You Didn’t Know About the History of the U.S. Budget


Stashed in: Economics!, History!, America!, economics, Charts!, Data Visualizations, War, Huh, Good God

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The article doesn't really explain why Reagan went for policies that expanded debt tremendously.

Once Reagan got us started we've been on that trajectory ever since. 

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