Debt Held By the Public hit $16 trillion on 11/30/18. The exact number was 16,044,318,195,178.80.
It first hit $15 trillion on 2/15/18. It should hit $17 trillion about 9/30/2019. It is on track to hit $32 trillion by 2028.
Instead of freaking out about this maybe we should celebrate it. The US Treasury truly has discovered the free lunch. It can create money out of thin air by issuing bonds that never need to be paid back. Since it is free, why not do more of the same. Free money, I tell you. Why look a gift horse in the mouth?
No comments:
Post a Comment