The national debt is now (as of 11/14/17) $20.5 trillion. It was just a couple of months ago, on 9/11/17 that we first reached $20 trillion. Part of the jump was due to the national debt being frozen for almost a year.
I expect the $21 trillion mark to be set about 9/15/18 or about 10 months from now. The deficit in 2018 is supposed to bottom out at about $563 billion, and then start increasing rapidly every year thereafter.
Again I want to comment on the irony here. This national debt is our "trash". Part of it is made up of noble things that we can't pay for right now, like hurricane relief. Part of it is arguably necessary for our national security, like paying for a military with bases abroad in 130+ countries. And a large part of it totally wasted or it goes to the banksters. But this debt is the foundation for the entire global financial system. We can call this "trash to cash". So the more trash we generate the more cash we have.
The bigger the debt, the more wealth somebody has. So why not increase it even more, but spread it around more evenly so it doesn't all go to the banksters? It will never be paid back. But we don't have to worry about that until the day when the whole system will explode. And that day is quite a ways off. I'm just saying that, if a little bit of debt is good, then more is better, right?
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