U.S. Borrowing $38,000 Per Second

Shotgun Economics
$38,000 Per Second"The latest data from the US Treasury Department shows America’s gross national debt ballooned by $1.2 trillion to a breathtaking $21.52 trillion on September 28, the last day of fiscal year 2018... 105.4 percent of the country’s current-dollar Gross Domestic Product (GDP)."

Chart Courtesy 'Shotgun Economics'

Trumponomics
Let me put this in simpler terms. Enjoy it folks while it last. At some point there will come a day of reckoning. It won't be like the ones in October 1929 nor in 2008. Those will seem like dress rehearsals. If this is the best of economic times imagine what our debts will be when all this hits the fan.


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I'm temporarily adding this to all my posts throughout October.
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ON A SIDE NOTEI call this blog "Lehigh Valley Clancularius Introspectives" for a reason. It is because you'll never know what I come up with next. This is because I have so many varied interests.

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Thanks, LVCI