It's Official: US Debt Finally Tops $20 Trillion, Jumps By $318 Billion In One Day

Following President Trump's sign off last Friday on a short-term debt-ceiling/government funding/hurricane aid deal (thanks to Democrats' votes), the US Treasury was finally freed from the shackles of the debt ceiling which it hit nearly one year ago  and which meant that US federal debt would be at roughly $19.808 trillion for months.

Well, no more: according to the latest Daily Trasury Statement as of Friday, total US debt surged by $317.6 billion from its Thursday closing print of $19.845 trillion, following the short-term debt suspension which kicked the can through December 8, to finally rise above the "psychological barrier" of $20 trillion, or $20,162,176,797,904.13 to be precise.

As shown in the chart below, from March 16 until Thursday, Sept. 8, the official federal debt subject to the legal limit was at $19,808,747,000,000, i.e. the statutory debt ceiling. This is because the previous suspension of the debt limit expired on March 15 and the debt limit had been reset on that day at the level the debt reached at the close of business that day. On that day, the Treasury started using "extraordinary measures" to keep the debt subject to the limit about $25 milion below the limit.

The Treasury was finally freed from this limit on Friday, and thus the $317.6 billion surge in one day as the US Government replenished its extraordinary measures, which should allow the Treasury to coast until some time in March even after the next debt ceiling is hit on December 8.

Comments

Mekongerbigdonger Sep 11, 2017 7:44 PM Permalink

Debt is bs. Follow the cafr's. There is an enormous amount of profit all of these policatical assholes make. They scream debt debt debt so they can try and tax even more. Claiming it pays the debt. Its all bs. Its all a scam and fraud. 

Let it Go Sep 11, 2017 7:04 PM Permalink

At one time a billion dollars was a massive amount of money and it still is. Most people that have not thought about it might not think so considering how modern media and politicians throw the "B" word around. A million is a large number so the magnitude or difference between billion and million is very important.To put it in perspective think in terms of someone working every year from the age of 20 until they are 60 making $25,000 a year. Their total income over their life would be one million dollars. Below is an article that attempts to bring into focus the massive size of a billion dollars.http://brucewilds.blogspot.com/2014/10/an-ugly-math-primer-on-american-debt.html

aloha_snakbar Sep 11, 2017 6:29 PM Permalink

Who cares...its not my debt... its not like it will ever be repaid...
It's not by the people for the people. Its by .gov FOR .gov...let those fuckers worry about it...

Blankfuck Sep 11, 2017 6:26 PM Permalink

PUT ALL THE HURRICANE DAMAGES ON THE FED RESERVE FUCKERS CREDIT CARD! AKA AMERIKA PONZI MONEY WHERE TRILLIONS OF DEBT IS NEVER IS DUE. THE FREE SOCIETY-ITS ALL FREE! DEBT NATION AT THE MERCY TO THE BANKER FUCKERS WHO CREATED THE PONZI GAME WHERE THEY THEMSElVES STEAL THE INTEREST ON THIS PRINTED COUNTERFIT MONEY-BASED ON NOTHING!   WAIT, THIS IS NOT TERRORISM? 

TeethVillage88s Sep 11, 2017 5:46 PM Permalink

"2020, the debtclock will be at 29 trillion"

- Methodology???!!

I called the Obama Debt in like 2008, but my memory is kind of flawed. It is simple. 4 years of G.H.W. Bush was = to 8 years of Ronald Reagan... then William J. Clinton Spend the Equal of Ronald Reagan, but he did keep spending at par (equal level) for the US Military...

- Jimmy Carter was not a problem for US Federal Spending... he acted like a Navy Officer... He balanced the budget as much as he could
- All US Presidents since Ronald Reagan fried the US Taxpayer Base, Fried the US Taxpayer... totally screwed the World Reserve Currency.... clearly over spent the Federal Budget.... and it has continued since 1980 (2017-1980 = 37 Years)
- 37 Years of Fucked Federal Spending
- 37 Years of Debased WRC, World Reserve Currency
- 37 Years of Off Shoring Labor, Capital, tax-Payer Base, Bread Winner Jobs... Inflation Planned to force people to become slaves... slaves to Usury, Taxes, Cost of Living Increases, Housing Costs, Education Costs, Health Care Costs

- Questions?

TeethVillage, Questioner

rejected Sep 11, 2017 5:32 PM Permalink

What a sad thing. Thousands of years the PTB have been shearing the sheep much in the same way,,, debasement. Finally the system breaks and they fire up a new system and start doing the same thing again. I am told we are a intelligent species but our actions don't agree. Allowing people to declare themselves 'officials' or pin on a badge and then rob you just doesn't sound too intelligent. Robbery is robbery regardless how it's done.

TeethVillage88s Sudden Debt Sep 11, 2017 5:36 PM Permalink

- Corps of Engineers
- Military
- Deep State
- Corporate Bailouts
- Targeted Subsidies to help corporations
- Targeted Subsidies to help building trades
- Targeted subsidies to help insurance insiders, Elites invested in Insurance...

IDK

If they paid subsidies to Disney Land for Tickets... we wouldn't know would we... free tickets can't be traced !!

In reply to by Sudden Debt

hooligan2009 Sep 11, 2017 5:31 PM Permalink

the lying, stealing and cheating that just keeps on lying, cheating and stealing the future of generations to come...every dollar represents someones theft, gaming the system or plain old lying via welfare fraud, education hypocrisy and political bullshit...

hooligan2009 Sep 11, 2017 5:29 PM Permalink

told ya treasury had been failing to report undreds of billions since March!not that it makes any difference to the price of fish.. cant make money out of the crooked house of cards..bleh...

baby tiger cubs (not verified) Sep 11, 2017 5:28 PM Permalink

I read in Hong Kong that US debt is expected to hit 30 trilion or more in Trump first four years and the Dow will break 40,000 in same time period. 

meterman Sep 11, 2017 5:27 PM Permalink

Isn't causing Rissia to spend money they didn't have and could not afford the way Reagan destroyed Russia? Maybe Putin is smarter than we think.

scaleindependent Sep 11, 2017 5:22 PM Permalink

And we blamed Bush, then Obama for the exponential rate of increase in the debt of the U.S. govt.As this article shows, it was not their direct doing, otherwise the problem would have resolved itself with their departure.   They and Trump are pawns. It is instead a systematic problem. It has something to do with 1913 and 1971 and some barbarous execrable medieval relics.