US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion
by Wolf Richter
WolfStreet.com
Mar 16, 2018
These dang trillions are flying by so fast, they’re hard to see.
The US gross national debt jumped by $72.8 billion in one day, on Thursday, the Treasury Department reported Friday afternoon. This March 16 is a historic date of gloomy proportions, because on this date, the US gross national debt punched through the $21 trillion mark and reached $21.03 trillion.
Here’s the thing: On September 7, 2017, a little over six months ago, just before Congress suspended the debt ceiling, the gross national debt stood at $19.84 trillion.
In those six-plus months – 132 reporting days, to be precise – the gross national debt spiked by $1.186 trillion. I tell you, these dang trillions are flying by so fast, they’re hard to see. And we wonder: What was that? Where did it go?
Whatever it was and wherever it went, it added 6% to the gross national debt in just 6 months.
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