by Wolf Richter
Wolf Street
Trillions whooshing by so fast they’re hard to even see. And now the TGA is spiking again.
The incredibly spiking US gross national debt hit the big one: $30 trillion. That’s the amount the government owes and has issued in Treasury securities that are outstanding as of January 31. Since March 2020, the US gross national debt has spiked by a monstrous 27%, or by $6.5 trillion. Over the past 12 months, during the strongest economic growth since 1984, the national debt has spiked by 2.2 trillion.