At what point was the national debt consistently $500 billion higher than it was on the same date the previous year? I think it was sometime in the range 2013 to 2017. Lets find out.
The answer is 11/3/15. On this day the national debt was $18.532 trillion. One year prior, on 11/3/14, the debt was $17.908 trillion. The difference is $610 billion. Ever since then, the national debt has always been at least $500 billion more than it was one year prior.
On the prior day that is common between the two years, 10/30/15, the nation debt was $18.153 trillion. One year prior, on 10/30/14, the debt was $17.914 trillion. The difference is $239 billion.
So you know where I am going with this. On what day is the national debt consistently $1 trillion more that it was on the same date the prior year. And the answer is, we haven't reached that point yet, but we are almost there. I expect we will reach it by the middle of September.
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Update: That is the wrong answer.
The correct answer is 9/8/17. On this day, the national debt was $20.162 trillion. One year prior, on 9/8/16, the total debt was $19.482 trillion. The difference is $680 billion.
On the prior day, 9/7/17, the national debt was $19.845 trillion. One year prior, on 9/7/16, the total debt was $19.479 billion, for a difference of $366 billion.
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