$27 trillion debt held by the public and $34 trillion total debt outstanding

 

As of yesterday, January 23, 2024, the debt held by the public hit $27.003 trillion and the total public debt hid $34.109 trillion.  I was waiting for both of these to hit the next trillion dollar mark before posting anything about it.  

This was only about 4 months after the previous milestones were reached. The $26 trillion debt held by the public was first reached on 8/31/2023, and the $33 trillion total debt was first reached on 9/15/2023. 

And it was only 3 months prior to this that the $25 trillion debt to the public was hit on 6/5/23 and the $32 trillion total debt was hit on 6/15/23.  

So we (I like to think that I participated in this awesome achievement!) spent $2 trillion in only 7 months. 

When did debt held by the public reach $13.5 trillion? On 11/27/2015.  So it took about 8 years to double.  If current trends continue, this will be at $54 trillion on about 1/23/2032.

When did the total debt first reach $17 trillion? On 10/17/2013.  This took about 10 years to double.  So total debt should reach $68 trillion on about 1/23/2034.  Note that the total debt was $8.5 trillion on 9/29/2006.

The next milestone of $28 trillion debt to the public and $35 trillion national debt should hit about July 1, 2024.