The modern explosion in U.S. national debt began in earnest in the 1980s, when the total first surpassed $1 trillion in 1981 under Republican-led tax cuts, defense spending increases, and growing entitlement costs that both parties refused to rein in.
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The modern explosion in U.S. national debt began in earnest in the 1980s, when the total first surpassed $1 trillion in 1981 under Republican-led tax cuts, defense spending increases, and growing entitlement costs that both parties refused to rein in.
