WHOA! While everyone was busy talking about AI stocks this week, the US borrowed another $100 BILLION in 4 days | @KobeissiLetter

 

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While everyone was busy talking about AI stocks this week, the US borrowed another $100 BILLION in 4 days. Currently, total US debt stands at a record $34.5 trillion, up $11.2 TRILLION since 2020. At the current pace, the US deficit for this fiscal year will cross $3 trillion, nearly double the $1.6 trillion deficit that Congress estimated. Over the last 100 days, total US debt is up a whopping $1 trillion, an average of $10 billion per day. We should see $35 trillion+ in US debt within a couple of months. What's the plan here?

E.J. Antoni, Ph.D.

11:39 AM · Mar 2, 2024

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