On Sept 6, when looking at the latest daily debt numbers, we predicted that total US debt would hit the very special (at least for Masons) number of 33 in two weeks.
Early by 2 days. https://t.co/HZ9INBIFRf
— zerohedge (@zerohedge) September 18, 2023
We were off by 2 days, with the US treasury naturally obliging by hitting the number early rather than late.
The historic breakout takes place just weeks before the interest on total federal debt is set to hit $1 trillion, surpassing how much the US spends on defense – and soon after – every other outlay category.