The US national debt was $1 Trillion in 1981, and Reagan stressed the importance of bringing down the debt in his speech referenced in the first post of this 🧵 (he even gave an analogy of how far dollars would be stacked up to drive home the point of how much a trillion was).
The point 🤿🧐
$1 Trillion adjusted for inflation is ~$3.7 Trillion.
The national debt of the #USA is currently ~10.5 TIMES that amount!
The debt-to-GDP ratio is well over 130%
/3
#USA #US #USpol #USecon
