The US Just Added $600 Billion In Debt In One Month, And What Comes Next Will Shock Everyone
One week ago we were the first to point out that as US debt growth hits an exponential phase, total US debt exploded by over $600 billion in just one month, a staggering surge in Federal debt and one matched only by periods of extreme economic crisis in the US.
One month later:
— zerohedge (@zerohedge) October 18, 2023
Total US Debt is now $33.649 trillion, up $58 billion in one day and up $604 billion in one month... up $20 billion every day, up $833 million every hour.
At this rate US debt will be $41 trillion in one year. https://t.co/tOrhqmkFXL pic.twitter.com/UfYOluX1Bq
This followed a prior observation that US debt had hit a (previous) record high of $33 trillion after US debt increased by $1 trillion in just three months.