Total US debt has officially hit $36 trillion for the first time in history, according to US government data.

Total US debt has officially hit $36 trillion for the first time in history, according to US government data.

Since the start of this year, total US debt is now up by a whopping $2 TRILLION.

In other words, the US has added an average of $6.3 billion of debt PER DAY for the last 316 days in a row.

This means that the US government now holds $108,000 in debt for EVERY American.

Deficit spending as a % of GDP is currently up to World War 2 levels while the Fed calls for a “soft landing.”

We are in desperate need of a change right now, we are on an unsustainable fiscal path.

What’s the long-term plan here?

submitted by /u/XGramatik
[link] [comments]

Make a post in our subreddit XGramatikInsights, and your thoughts will appear here!

Share the Post:

Related Posts