Uncle Sam's Interest Tab Hit A Record $523 Billion In Fiscal 2018

Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

 

 

 

https://www.zerohedge.com/news/2018-10-06/us-spent-record-523-billion-interest-payments-fiscal-2018

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