From Zerohedge:
Today, the Treasury announced that for the first time, total US debt has surpassed $33 trillion, rising by $56 billion in one day, and by a mindblowing $1 trillion in just the past 3 months!
The historic breakout takes place just weeks before the interest on total Federal debt is set to hit $1 trillion, surpassing how much the US spends on defense - and soon after - every other outlay category.Here is the CBO's latest debt forecast. It shows that US debt is now set to hit $50 trillion by 2030 (probably much sooner though), and then proceed exponentially higher until the US currency finally collapses.
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