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U.S. national debt tops $38T = $38,000,000,000,000...
That's a lot of zeros and red ink to worry about. The gross federal debt of the United States has just topped the $38T level, only two months after surpassing $37T. For those keeping tabs, that's the quickest rate of adding $1T outside a pandemic, with gloomy fiscal milestones now being added at twice the pace seen since 2000, according to the Peterson Foundation.
Quote: "Three
U.S. national debt tops $38T = $38,000,000,000,000...
That's a lot of zeros and red ink to worry about. The gross federal debt of the United States has just topped the $38T level, only two months after surpassing $37T. For those keeping tabs, that's the quickest rate of adding $1T outside a pandemic, with gloomy fiscal milestones now being added at twice the pace seen since 2000, according to the Peterson Foundation.
Quote: "Three
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Posted from seekingalpha.comPosted in these groups: 
FinanceUS Treasury
FinanceUS Treasury
Edited 4 mo ago
Posted 4 mo ago
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Who can imagine a trillion of anything? Someone once claimed that some indigenous peoples of America counted one, two, and a heap. Sounds reasonable to me. Bill Cosby on one of his party records told the story of himself as a child in grade school learning "one and one makes two," and asking, "What's a two?" Again, a reasonable question. I imagine large numbers in arrays. For example, one hundred is ten rows of ten. This works for me up to maybe 10,000. Imagine my surprise when I learned that the largest number in Roman numerals was a myriad (10,000). Obviously, I think visually. Attempting to imagine a trillion is likely to cause me to swoon. Thirty-eight trillion? Not a chance. However, I understand bankruptcy and America isn't bankrupt carrying $38 trillion in debt. Our assets as a nation far exceed that amount in numbers I dare not attempt.
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The most shocking detail of this U.S. Debt Clock is the debt per tax-paying citizen at $327,507.
A bit of good news is that some analysis (RBC Wealth Management) suggests that tariff collections have recently been running at a pace of $30 billion/month, which annualizes to $354 billion, though that’s a forward-looking extrapolation, not all locked in yet.
Anyway you see these numbers, it's just in time for Halloween - Scary!
https://www.usdebtclock.org/
A bit of good news is that some analysis (RBC Wealth Management) suggests that tariff collections have recently been running at a pace of $30 billion/month, which annualizes to $354 billion, though that’s a forward-looking extrapolation, not all locked in yet.
Anyway you see these numbers, it's just in time for Halloween - Scary!
https://www.usdebtclock.org/
U.S. National Debt Clock : Real Time
US National Debt Clock : Real Time U.S. National Debt Clock : DOGE Clock
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Could you imagine the spending if DOGE hadn't stopped some of it? At some point, we will go belly up. God help us then.
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