By Simon Black
At the close of business on Monday March 1st, just a few days ago, the US national debt crossed $28 trillion for the first time in history.
To the penny, in fact, the national debt hit $28,004,376,276,999.35.
And bear in mind that figure doesn’t include the $1.9 trillion in ‘Covid stimulus’ that Uncle Sam is about to pass, let alone all the other deficit spending that they were already expecting for this current fiscal year.
So you can already see how the debt will quickly rocket past $30 trillion in no time at all.
It’s noteworthy that it took the United States more than two centuries to accumulate its first trillion dollars in debt– a milestone first reached on October 22, 1981.