Before we heard of COVID the US federal Debt was increasing annually. The declin

Before we heard of COVID the US federal Debt was increasing annually. The decline in tax revenue coupled with the increase in expenditure due to the virus has the debt increasing even more rapidly. Today is more rapid. Today it is more than $28 trillion which is about 130% of current GDP.
Is this something we should be concerned about? If so, what do you think should be done? If not, why not

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