Ostrich economics means burying our head and waiting in denial.
When President Bill Clinton left office in 2000, the U.S. national debt was 4 trillion dollars.
When President George Bush left office in 2008, the national debt was 8 trillion dollars. When President Barack Obama left office in 2016, the national debt was 15 trillion dollars.
In Donald Trump’s presidency prior to the pandemic, the national debt was 20 trillion dollars.
During the pandemic starting in March, 2020 the national debt rose that year to 27 trillion dollars.
During the pandemic year of 2021 it is estimated the national debt will rise to 34 trillion dollars.
Economists ...