BECAUSE SOMEONE HAS TO CARE, THE AMERICAN EDITION – Another grim milestone, this time from across the Pacific:
The national debt exceeded $21 trillion for the first time on Thursday, a little more than six months after it hit first $20 trillion on Sept. 8.
The national debt was $21.031 trillion on Thursday. The government releases total debt figures each business day, but it lags by one day.
Federal borrowing has been on the rise again since February, when Congress passed legislation to suspend the debt ceiling. That move allowed the government to borrow as much as it needs to fund the activities approved by Congress.
A trillion dollars in half a year. Just imagine: whole government programs are just a rounding error.
And likewise as in Australia, no one seems to care, the concern about government spending and government debt being another area where Trump departs from the traditional conservative narrative. Though to be fair to him, so does the Congressional Republican Party. Sad.