With today’s $35 billion 2 year auction, the official US debt has officially passed the $16 TRILLION mark, a mere 286 days after the $15 Trillion mark was officially breached.
H/t to ZH who demonstrates total settled debt of $15.979 T:
+ today’s $35 billion 2 year auction:
= $16.05 TRILLION in official debt.
And just for fun…President Obama promising he would cut the budget he inherited in half by the end of his first term in office.
Good look reducing our official debt by $12 trillion over the next 70 days Mr. President.