The current level of national debt in the United States is unprecedented and growing exponentially, leading to an extremely high debt-to-GDP ratio that signals unsustainability.
The U.S. has not had a balanced budget for over two decades, with the federal debt now at nearly $34.6 trillion, reflecting a 100% increase over the last ten years.
Presidents control discretionary budgets and taxes but need congressional approval for their budget proposals, making the relationship with lawmakers critical for achieving budgetary goals.
An assessment of the national debt under each president reveals varying impacts, indicating that leadership can significantly influence the trajectory of national debt over time.
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