In 1934, the United States owed $25 billion.

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Cape May Beach - In 1934, the United States owed $25 billion. This month the United States owed $22 trillion and pay over $500 billion a year in interest on the debt. How do you pay this off when we have an annual budget of $4.5 trillion with an annual deficit of $1 trillion? Trouble is on the way.

Print Publication Date: 
2/20/2019