Tuesday, February 12, 2019

22 Trillion

Yeah, we finally got to $22 trillion in debt!  This was about 11 months after reaching $21 trillion on 3/16/2018.  And it was almost exactly 10 years after first reaching $11 trillion on 3/16/2009.  It should hit $23 trillion on about 12/31/2019.

If present trends continue, it will reach $44 trillion on about 2/28/2029.

Why are we celebrating again? Because we have discovered a way to create free money out of thin air, and it never needs to be paid back.
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1 comment:

  1. C HamiltonFebruary 16, 2019 at 11:04 PM

    Happy $22.016 trillion dollars day America...may you never need concern yourself with repaying it

    ReplyDelete

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