Friday, November 22, 2024

National Debt hits $36 trillion

 

Source: https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

This was about 4 months after it hit $35 trillion , and about 11 months after it hit $34 trillion (on 1/4/24). Just 3 months prior to that, on 9/15/23, it was at $33 trillion, and then 3 months prior to that, on 6/15/23 it was at $32 trillion.  So in less than 18 months, it increased by $4 trillion.

Note that the national debt first hit $23 trillion on 11/7/2019.  So it has gone up $13 trillion in 5 years.  It first hit $18 trillion on 11/27/14, almost exactly 10 years ago. (It took 5 years to go up $5 trillion, from $18 trillion to $23 trillion, but in the next 5 years it went up $13 trillion).   So the national debt should hit $72 trillion on about 12/1/2034.

The total national debt should hit $37 trillion on about June 1, 2025.

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