The National Debt is now $32 Trillion

 On 6/15/2023, the national debt was $32,039,244,474,237.54.  Don't forget the 54 cents, very important.

When did it hit $16 trillion? On 8/31/2012.  I even wrote a blog post about it, see https://aftermath2022.blogspot.com/2012/09/national-debt-exceeds-16-trillion.html .  So it took about 11 years to double the national debt.  So if current trends continue, the national debt should be at $64 billion in 2034.

I used to have links to these blog posts.  The link to $31 trillion is here: https://aftermath2022.blogspot.com/2022/11/deficit-of-14-trillion-in-fy-2022.html

$30 trillion https://aftermath2022.blogspot.com/2022/02/the-national-debt-hits-30-trillion.html  This has the history of the earlier debt milestones.

The national debt was "only" $23 trillion on 12/31/2019, so it has increased by $9 trillion in a little over 3 years.

The next milestone should come sooner.  Look for $33 trillion in debt by 10/1/2023 when the new fiscal year begins.

Debt to the public hits $25 trillion

 On 6/5/23, the debt to the public hit $25.032 trillion. (Source: https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny). This was about 10 months after it hit $24 trillion. It was $12.5 trillion on 3/3/2014. The doubling time is about 9 years. So in 2032, it should hit $50 trillion.

See also: The public debt hits $24 trillion

Deficit of $236 billion in May 2023

 The deficit in May 2023 was $236 billion, CBO estimates—$170 billion greater than the amount recorded in May 2022. Revenues were $81 billion lower this May than they were in 2022; outlays increased by $89 billion. The federal budget deficit was $1.2 trillion [actually $1.161 trillion] in the first eight months of fiscal year 2023, the Congressional Budget Office estimates—$735 billion more than the shortfall recorded during the same period last year.  CBO’s current projections show a federal budget deficit of $1.5 trillion for 2023. https://www.cbo.gov/system/files/2023-06/59134-MBR.pdf

Net Interest FYTD is $374 billion, thus May 2023 interest was $63 billion.  Defense Spending FYTD is $440 billion, so May 2023 defense spending was $64 billion.