...as of close of Friday, the US Treasury reported that total US debt has risen above $21 trillion for the first time; or $21,031,067,004,766.25 to be precise.
https://www.zerohedge.com/news/2018-03-16/us-national-debt-hits-21-trillion
It hit $20 trillion on 9/8/2017, so this is only a little over 6 months later. I had earlier seen 9/30/2018 as the date when the $20 trillion line would be breached, so this is 5.5 months early.
If we are spending $100 billion per month, we should get to $22 trillion on about 1/20.2019, by the 2nd anniversary of Trump taking office.
When did we first cross the $10.5 trillion mark? On 10/30/2008. So this took about 9.5 years. So if past trends continue, we should get to $42 trillion on about 10/30/2027.
No comments:
Post a Comment