As we remember the horrible attack on the United States, let’s not forget the interior damage we’ve been doing to the country for decades now – our national debt.
And it’s fitting that the debt pole vault past $20 TRILLION today.
National debt just exceeded $20,000,000,000,000.00. Tragic. Pols offer no plan to adjust our unsustainable course https://t.co/NVLA5Mcyd6
— John Stossel (@JohnStossel) September 11, 2017
Correction: At $20.162-trillion, the National Debt is now $215-billion above the level it was on the day Pres Trump took office.
— Mark Knoller (@markknoller) September 11, 2017
Part of the reason we’re here is that the Trump Democrat deal pushed us way past the mark, and it doesn’t look like it’s gonna slow. While Trump ran a campaign decrying the debt, he’s also since said that he thinks it’s a great idea to load up on more debt since interest rates are low and you can borrow cheap.
From the Hill:
The U.S. federal government’s gross debt surpassed $20 trillion on Friday, according to a daily Treasury statement.The debt jumped from $19.8 trillion to $20.1 trillion after Congress suspended the debt ceiling for three months, allowing the Treasury to borrow again on the open markets.For months, it had been using off-book extraordinary measures to keep from defaulting. Since President Trump signed a bill including the debt lift Friday, it was able to start unwinding those measures with regular borrowing, and increase the debt.
And nobody gives a damn anymore.