The United States has a $27 trillion dollar problem. An addiction to government Debt and one which is growing by the day. US Debt has grown by over 800% since 1990, accelerating its unfavourable title of having the largest debt by value in the world. But does America's Debt really matter? Well this depends on who you ask. Ultimately its addiction to debt is a consequence of tax cuts, an ageing population, and how cheap it has become to borrow ever larger sums. #USDebt #NationalDebt #GovernmentSpending ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Subscribe here: https://www.youtube.com/channel/UCLiRGHCMGB14Pw0yEqLM2fQ?sub_confirmation=1 Follow AltSimplified on Social media: Facebook: https://www.facebook.com/Altsimplified/ Twitter: https://twitter.com/altsimplified Quora: https://www.quora.com/q/economicsaltsimplified Discord: https://discord.io/altsimplified Other Discord Link: https://discord.gg/gTzEznrmeY ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 📕Recommended Reading: Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them. 📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks 📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney 📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years 🎙The mic we use to record: https://geni.us/MicWeUse