What the coronavirus did to the national debt, your bill exceeds $37,726

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Harold Pease Ph.D.
Harold Pease, Ph.D.
In March, Congress added $2.3 trillion to the national debt with the stimulus package. Most people were jubilant to receive a stimulus check. But what does it mean? Just to pay this debt back today would cost each taxpayer $18,863, compare U.S. Debt Clock’s November 2019 with April 2020. In May, the Treasury Department announced that it will borrow another $3 trillion this quarter making the total coronavirus indebtedness $5.3 trillion and thus what we owed for the smaller loan more than doubles, according to Matt Egan’s “The US is becoming the king of debt. It’s a necessary risk,” on CNN Business. To pay both loans in August would be more than $37,726 per U.S. taxpayer. Those who pay no federal taxes, which is about 50% of American adults, are not assessed. “The lates
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