Tag Archives: $18 trillion

On Black Friday your government was shopping with credit cards too it would seem.  The total outstanding U.S. public debt just hit a new historic level, which probably would be better associated with a red Friday rather than a black one. As of the last workday in November, total U.S. public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise.

Our nation’s debt now exceeds, at 103 percent, total Gross Domestic Product which some say was artificially inflated by half a trillion when the government decided to add the “benefit” of R&D intangibles into the …