Once a quarter, I update projections of the national debt based purely on recent trends. The latest trend, based on the quarter ended 6/30/2011 and the previous 6 quarters, is that the debt will rise 2.59% per quarter, or 10.7% annually. This is much better than the previous projection showing annualized increases of 12.9%.
With this, I can project out as follows:
9/30/11 14714
9/30/12 16289
9/30/13 18032
9/30/14 19961
9/30/15 22097
9/30/16 24462
9/30/17 27079
9/30/18 29976
9/30/19 33184
9/30/20 36734
9/30/21 40665
The numbers look much better than previous projections, and are certainly sustainable. I just want to see what happens once the debt ceiling is lifted before breathing a sigh of relief.
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