David Elbert is a former business editor and columnist for the Des Moines Register. He now writes about local history for DSM Magazine.
The national debt recently passed the $40 trillion mark, which means your share is about $117,000, or roughly half the cost of a typical Iowa home.
The national debt nearly doubled in the past decade, which is more than twice the rate of inflation during those ten years.
The New York Times published an interesting chart recently that tracked the national debt as a percentage of our Gross Domestic Product (GDP), which is a calculation of all goods and services produced annually.
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