“We spent a lot of money in the last couple of years,” Rep. Frank Lucas (R-Okla.) told a hearing of the House Financial Services Committee on Wednesday.
“Since the start of the pandemic, the United States has added more than $5 trillion to its total national debt,” which now stands at about $29 trillion, Lucas noted. “The U.S. is now set to exceed the debt-to-GDP ratio not seen since the end of the Second World War.”
