Commentary

Truths and Omissions as U.S. Hits $40 Trillion in Debt

By Veronique de Rugy
Thursday, August 27 2026

The U.S. national debt just crossed the $40 trillion threshold, doubling in less than a decade. Washington politicians have responded with their favorite fiscal game: blaming the other party. Democrats say Republican tax cuts are the culprit. Republicans say Democratic spending is the root cause. But both parties are responsible, with both hiding behind a lie of omission. And if we let them, they'll keep driving us into the same wall together. Sen. Patty Murray (D-Wash.) recently called Republican tax cuts "the single biggest driver" of the debt across the last 25 years. The number uses…

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