Debt. Debt Everywhere

We must remember when the U.S Treasury adds more debt to its balance sheet; the government is now obligated to pay additional funds to service the interest on that debt. So, for each increase in U.S. Government debt, comes with it, an increase in its debt service payment.

Thus, the total U.S. Government debt increased from $19.84 trillion on Thursday to $20.16 trillion on Friday.

U.S. Government Massive ONE-DAY Debt Increase

Your g-g-g-g-g-g-g-g-g-g-g-g-grandcildren will still be paying back today’s debt.

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