$20 trillion debt deserves as much attention as Dow hitting 20,000

NY Post
March 21, 2017

The media and Wall Street got all excited when the Dow Jones industrial average hit 20,000 earlier this year — and justifiably so.

But why not give the same sort of attention to the US federal debt, which will slip past $20 trillion later this year or in early 2018.

The symmetry of these two numbers is just too precious to ignore.

As of Monday afternoon, the US debt, according to usdebtclock.org, stood at $19.849 trillion — and was rising at the rate of $13,404,542 an hour.

That’s $321,709,008 million a day.

At this pace, the first digit on the tote board will flip in 469 days — on July 2, 2018.

Read more

This article was posted: Tuesday, March 21, 2017 at 8:04 am






Read more