Lurking Around The Corner—$2 Trillion Per Year Federal Deficits

Here are two shocking numbers that both ends of the Acela Corridor devoutly pretend to not matter: June 30, 2019………………………………….$16.188 trillion; September 30, 2019………………………….$16.809 trillion The difference is $621 billion and it represents the amount by which the publicly-held Federal debt increased during Q4 of the fiscal year just ended. That’s about $7 billion of new borrowing per day including holidays and […]
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