U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic WASHINGTON — America’s gross national debt topped $30 trillion for the first time on Tuesday, an ominous fiscal milestone that underscores the fragile nature of the country’s long-term economic health as it grapples with soaring prices and the prospect of higher interest rates. The breach of that threshold, which was revealed in new Treasury Department figures, arrived years earlier than previously projected as a result of trillions in federal spending that the United States has deployed to combat the pandemic. That $5 trillion, which funded expanded jobless benefits, financial support for small businesses and stimulus payments, was financed with borrowed money.
$30,012,386,059,238.29 as today. Tomorrow's another day. But don't worry Keynesian's say we "need" debt to keep the balls afloat err I mean economy afloat.
And everyone believes the economy is fine and dandy filled with rainbows and butterflies haha...next collapse will be epic!!!!