On January 31, 2022, the US national debt exceeded $30 trillion for the first time. It’s a problem, no matter what Yellen says.
by Mike ‘Mish’ Shedlock
Mish Talk
Debt to the Penny, Updated Every Second
If you want to see US national debt to the penny, updated every second, please visit USDebtClock. It’s quite fascinating.
Yellen Chimes In
The Wall Street Journal notes these statements by Janet Yellen:
- “It’s important to evaluate debt sustainability in the context of the interest-rate environment.”
- The interest burden of U.S. debt is “very manageable” because of low interest rates.
What a hoot!