Surging National Debt Threatens To Upend Trump’s Economic Agenda, Even Without the Impact of Tariffs

If progressives want the wealthy to pay ‘their fair share’ of taxes, Trump wants the wealthy to pay everyone else’s share, too.

AP/Jacquelyn Martin
President Trump at the White House on March 24, 2025. AP/Jacquelyn Martin

In the five minutes required to read this column at a leisurely pace, pausing to sip coffee, the nation will pay $11 million — about $38,000 a second — toward servicing the national debt. Today, Congress is debating how many trillions to increase the debt.

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