US Debt Could Grow by $5.2 Billion Daily Over the Next Decade 💰

US Debt On Track to Increase, by $5.2 Billion Per Day , for the Next Decade.<br />Insider reports that the United States government <br />is on track to exceed $50 trillion in debt by 2033, <br />according to a November 7 note from Bank of America.<br />Bank of America cited data from <br />the Congressional Budget Office. .<br />Currently, U.S. public debt <br />is standing at $33.6 trillion.<br />According to Bank of America's investment strategist, <br />Michael Hartnett, "fiscal excess in the 2020s" will cause <br />the debt to surge by $20 trillion within the next decade.<br />According to Bank of America's investment strategist, <br />Michael Hartnett, "fiscal excess in the 2020s" will cause <br />the debt to surge by $20 trillion within the next decade.<br />U.S. public debt is... more than <br />the combined GDPs of China, <br />Japan, Germany and India, Michael Hartnett, Bank of America <br />investment strategist, via Insider.<br />Insider reports that Hartnett added <br />that U.S. outstanding debt is set to increase <br />by $5.2 billion every day for the next decade.<br />That's about $218 million <br />in new debt every hour. .<br />The Treasury Department has already had to auction <br />off trillions in fresh bonds after the federal deficit <br />jumped $320 billion to reach $1.7 trillion in 2023.<br />In October, estimated annualized debt <br />interest payments exceeded $1 trillion. .<br />Likely central banks may simply <br />bail out governments in coming <br />years via quantitative easing and <br />the introduction of yield curve <br />control (policies that would<br />be U.S. dollar negative), Michael Hartnett, Bank of America <br />investment strategist, via Insider.<br />Likely central banks may simply <br />bail out governments in coming <br />years via quantitative easing and <br />the introduction of yield curve <br />control (policies that would<br />be U.S. dollar negative), Michael Hartnett, Bank of America <br />investment strategist, via Insider