As reported at the AP, the United States now has $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic. Is there any slowing down this runaway train on debt? According to the Joint Economic Committee estimates, the total national debt has grew by $69,713.82 per second for the past year.
In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.
It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic
The U.S. hit $37 trillion in gross national debt in August this year.
The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.