$20 Trillion in Debt Held By the Public

Source: https://www.treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm

On 6/3/20, the Debt Held By the Public aka Public Debt, hit $20,031,292,630,338.74.
It first exceeded $19 trillion on 4/30/20, and $18 trillion on 4/7/20.  It first exceeded $17 trillion on 11/7/19.

And although it first exceeded $16 trillion on 11/30/18, it was frozen because of an obsolete idea called the debt ceiling at about $16.2 trillion until 7/31/19, (when the public debt was at $16.247 trillion).

So the public debt increased by about $3.8 trillion in only 10 months, an average of $380 billion per month.  We can round it down and call it $1 trillion every 3 months.  Will this rate of increase continue?  Well, no, the stimulus bill cost $2.2 trillion.  But we may see an increase of $1 trillion every 6 months from this point forward unless some serious budget cutting is done.

I want to do another long-range forecast the next time the CBO updates their report.