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Economics

A Mountain of Debt

Why it matters, how it happened, and what to do about it.

JD Breen's avatar
JD Breen
Aug 25, 2026
∙ Paid

Atlanta, GA

August 24, 2026

It took two centuries for the US government to dig a trillion dollar hole. As the ditch approached that depth, Ronald Reagan gave an Oval Office address. The president proclaimed that “If we as a nation needed a warning, let [this] be it.”

He then climbed in the excavator and ignored the alert. He wouldn’t be the last.

But at le…

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