Whatever the statists touch, turns to shit: US National Debt Blows Past $31 Trillion

For the old timers in here, it seems like just yesterday that the US national debt was "only" pushing $6 trillion. Then, between the 'war on terror' and QE which made a mockery of moral hazard, America has now reached a grim financial milestone - as the national debt tops $31 trillion for the first time, according to a new Treasury Department report.

Whatever the statists touch, turns to shit: US National Debt Blows Past $31 Trillion Shutterstock_716347498

Whatever the statists touch, turns to shit: US National Debt Blows Past $31 Trillion Shutterstock_716347498

The record-high debt comes as historically low interest rates have turned into higher borrowing costs, as the Fed attempts to tame the inflation they, the banks, and the 'blank check' dinosaurs leading the country - have caused.

Whatever the statists touch, turns to shit: US National Debt Blows Past $31 Trillion Image%288%29

Whatever the statists touch, turns to shit: US National Debt Blows Past $31 Trillion Image%288%29

.https://www.zerohedge.com/economics/us-national-debt-blows-past-31-trillion

Whatever the statists touch, turns to shit: US National Debt Blows Past $31 Trillion

Whatever the statists touch, turns to shit: US National Debt Blows Past $31 Trillion

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