“The U.S. budget deficit tripled to $85 billion in December from a year earlier, reflecting somewhat higher spending and a small decline in tax receipts.… Some of the extra outlays stem from the U.S. paying higher interest rates on its mountain of debt.”
USAGOLD note: As of 1/11/2023, the national debt stands at $31,375,141,998,674.97 – and it has almost doubled over the past decade. The national debt, as Ross Perot colorfully called it, is the crazy aunt in the attic. It is rarely a topic of discussion these days in the mainstream media and Washington political circles.
Aggregate National Debt