22 September 2023
US debt surpassed $33 trillion just 60 hours ago and has increased by an additional $50 billion. This translates to an increase of $833 million in debt every hour. Equally distributing the total US debt to every household would result in a burden of $252,000 per household. Daily interest expenses exceed $2 billion. Furthermore, the debt ceiling remains unlimited until January 2025. Simply unsustainable.