One week before Thanksgiving, the U.S. government’s total public debt outstanding surpassed $36 trillion for the first time ever.

Just 118 days earlier, the politicians and bureaucrats running the U.S. government breached the $35 trillion mark for the national debt. That was 204 days after they managed to top $34 trillion. The U.S. government passed each of these grim fiscal milestones during 2024.

What makes that a dubious achievement is that the U.S. government has collected a record amount of tax revenue in 2024. The federal government’s tax collections beat........

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