US Debt Tops $40 Trillion, The Pace Is What’s Most Alarming

Debt topped $40 trillion today. But let’s discuss what really matters. Staggering Headline While crossing the $40 trillion milestone makes for a staggering headline, it is economically misleading. The number that actually drives financial markets, dictates national interest costs, and impacts inflation is Debt Held by the Public. To understand the true weight of the U.S. …

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