Who's afraid of the federal debt?

Who's afraid of the federal debt?: Congratulations, Washington, you have set another record. The Treasury Department announced recently that the federal deficit rose an astounding 26% during the last fiscal year, bringing the total one-year deficit to nearly $1 trillion. The cumulative federal debt is now more than $22 trillion, greater than our total gross domestic product for the year. Federal Reserve Chairman Jerome Powell has declared the debt situation “unsustainable.” In his 2016 presidential campaign, Donald Trump said he would eliminate the deficit in 8 years. Instead, he has presided over a nearly 50% increase.