Reagan Sounded The Alarm At $1 Trillion. America’s National Debt Just Hit $40 Trillion.

The United States national debt surpassed $40 trillion for the first time on Tuesday, reaching another historic milestone as the federal government continues to run massive deficits.

The debt topped $30 trillion for the first time just four years ago.

When the country crossed the $1 trillion mark more than four decades ago, President Ronald ...