Wednesday, August 28, 2019

$1 Trillion Debt Increase

On what day is the national debt consistently $1 trillion more that it was on the same date the prior year?  I think we just passed it.  It is possible that the debt increase will slow a little bit, but I think that from this day forward, the debt on any given day will be at least $1 trillion more than it was the prior year. 

Look at this chart


National Debt
Date National Debt Last Year Increase
08/21/19 22,414,598,129,671.70 21,419,489,702,413.30 995,108,427,258.44
08/22/19 22,430,652,209,581.70 21,406,769,129,269.30 1,023,883,080,312.43


So from 8/22/19 onward, the national debt is at least $1 trillion more than the prior year.  It actually will increase more than this, but this is the minimum increase.

Fun fact: when did the national debt first exceed $1 trillion?  The answer is Oct 22, 1981.

When is the national debt projected to exceed $30 trillion?  I am assuming that the intragovernmental portion will reach $6 trillion and stay there.  So this is the same as asking when the Debt Held By the Public will reach $24 trillion.

Some various answers are: 2026 and 2024.


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