Quadrupled in 18 Years! How Did the US $40 Trillion Debt Amass in Less Than a Generation?

Key drivers: 37% from tax cuts under George W. Bush and Trump; 33% from bipartisan-driven growth in social security, healthcare, and other welfare spending; 28% from emergency bailout spending during two recessions and the COVID-19 pandemic. Moreover, 77% of the debt stems from bipartisan legislation, making it difficult to pin responsibility on a single party.