The term “US presidents and national debt” refers to the relationship between the presidents of the United States and the country’s national debt. The national debt is the total amount of money that the US government owes to individuals, businesses, and other countries. It is accumulated when the government spends more money than it takes in through taxation.
The national debt has a significant impact on the US economy. It can affect interest rates, inflation, and economic growth. Presidents have a major role to play in managing the national debt. They can propose policies to increase revenue or decrease spending, and they can sign legislation that affects the debt.