You know America’s voters are scared of the massive debt load being piled up in Washington, D.C. Now, reports CNBC’s Michelle Fox, America is stacking up $1 trillion in new debt every 100 days. She writes:
The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.
The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months.
U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 billion, as of Wednesday. Bank of America investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.
Action Line: Politicians look at their constituents as though they’re piggy banks. Be sure you’re in the right place for you and your family. Somewhere, politicians, at least at the state level, are treating you with respect. Click here to view Your Survival Guy’s 2024 Super States, which I just released yesterday.
