Another stupendous milestone on the road from incompetence to ruination:
The national debt surpassed $22 trillion for the first time on Tuesday, a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American.
The Treasury Department reported the debt hit $22.012 trillion, a jump of more than $30 billion in just this month.
The national debt has been rising at a faster rate following the passage of President Donald Trump’s $1.5 trillion tax-cut package a little more than a year ago and as the result of congressional efforts to increase spending on domestic and military programs. The nation has added more than $1 trillion in debt in the last 11 months alone.
“Reaching this unfortunate milestone so rapidly is the latest sign that our fiscal situation is not only unsustainable but accelerating,” said Michael A. Peterson, chief executive officer of the Peter G. Peterson Foundation, a nonpartisan organization working to address the country’s long-term fiscal challenges.
I vaguely recall when both the debt and the annual budget passed the $1 Trillion mark – now a mere year’s deficit. I’m sure this is all Trump’s fault. Nothing the Long Green Mile Deal won’t cure. Strike that. Nothing the Grace Commission can’t conserve our way out of.
Figure dated 2/12/19, PM – surely higher now … hell, was nearly $50,000 higher immediately after I screenshot…