BREAKING: Total US debt has jumped by $100 BILLION since it crossed $33 trillion exactly one week ago.
That's $14.3 billion PER DAY being added to US debt over the last week.
Add in ~$3 billion per day of interest expense and that's over $17 billion per day.
Meanwhile, deficit…
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BREAKING: Total US debt has jumped by $100 BILLION since it crossed $33 trillion exactly one week ago.
That's $14.3 billion PER DAY being added to US debt over the last week.
Add in ~$3 billion per day of interest expense and that's over $17 billion per day.
Meanwhile, deficit spending has become so large that the US is issuing $2 trillion in bonds over 6 months which is driving rates higher.
Simultaneously, the US is refinancing debt at current rates which have more than doubled.
US debt and interest expense are on track for exponential growth.
When will this be called a "crisis?"
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