Thursday, January 2, 2014

US Debt leaps $125.2 billion in one day


In the 24 hours between December 30, 2013 and December 31, 2013, the US debt leaped $125.2 billion. This happens from time to time as treasury sales are settled.

Not to worry, I am thinking that starting this year, the US will not have to spend any of the roughly $2.3 trillion it gets in tax revenue and other sources, and pay down the debt to around $15 trillion, if they suspend all interest payments. Then, after doing that for 7 more years, spending nothing and skipping all interest payments, the debt will be gone by 2022!

On the other hand, I might be too optimistic on how efficiently the government will be run.

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