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$572,000,000,000 Added to US Debt in Two Weeks
6.22.23 - $572,000,000,000 Added to US Debt in Two Weeks
Gold last traded at $1,914 an ounce. Silver at $22.25 an ounce.
$572,000,000,000 Added to US Debt in Two Weeks, Total Debt Now Exceeds China, Japan, Germany and UK's Combined GDP - The Daily Hodl
Over half a trillion more dollars have been dumped into the US government's debt spiral in the last two weeks alone.
According to the latest numbers from FiscalData, as of June 15th, the US national debt was $32.03 trillion, a $571 billion rise from June 1st's recording of $31.46 trillion.
Total US debt is now larger than the total gross domestic product of China, Japan, Germany and the United Kingdom combined, and amounts to $244,000 per American household.
At current interest rates, the US is now paying over $2 billion a day in interest payments, and even if every American household contributed $1,000 a month to pay off the debt, it would still take 20 years to pay off.
While the US' debt issue has received increased attention from both analysts and regular Americans, most experts still expect the problem to intensify over the next decade.
