Incredibly Spiking US National Debt Hits Monstrous $30 Trillion | Wolf Street

The incredibly spiking US gross national debt hit the big one: $30 trillion. That s the amount the government owes and has issued in Treasury securities that are outstanding as of January 31. Since March 2020, the US gross national debt has spiked by a monstrous 27%, or by $6.5 trillion. Over the past 12 months, during the strongest economic growth since 1984, the national debt has spiked by 2.2 trillion.

The flat spots depict the uniquely American political charade of the Debt Ceiling, the periods when the gross national debt bounced into the Debt Ceiling as set by Congress. These flat spots are the days when everyone in Congress is trying to hijack the Debt Ceiling law in order to arm-twist the other side into approving their favorite priorities! Hahahaha, Congress, thank you for that hilarious charade.

via wolfstreet.com