$35 Trillion Debt Crush US Stock Market & Economy !
@JC888:
Intro. The weekend is upon us. Would like to share something different that I have come across. No, not US stocks or ETFs, but US National debt, that is not in the best shape or form. Deep in Debt-cesspool. The US national debt just hit a new all-time high of $34.667 trillion. New numbers from the Treasury Department’s Debt to the Penny system show the country’s national debt reached the milestone on Fri, 31 May 2024. That is a $677 billion increase since start of 2024, when the nation’s debt stood at $33.990 trillion. Latest debt readings (as of 17 Jun 2024). The new record high comes amid a report from the Congressional Budget Office (CBO) warning that the greater the nation’s debt, the less money Americans will earn. Current law debt trajectory will reduce income growth by: -12% over th