The Sleepy Joe Biden Deb Tracker - two trillion dollars of debt accumulated in less than a year

The United States Department of the Treasury ^ | January 12, 2022 | The United States Department of the Treasury

[jpl]

On Tuesday January 11, 2022 America's national debt hit the staggering total combined amount of $29.79 trillion.

Since President Joe Biden was inaugurated into office a little less than a year ago, the democrats in congress have increased the total combined national debt by more than $2 trillion:

Date                 Debt Held by the Public         Intragovernmental Holdings   Total Public Debt Outstanding

01/20/2021       21,636,823,777,934.20           6,115,072,458,480.57              27,751,896,236,414.77
01/11/2022       23,297,954,520,520.72           6,500,731,900,538.69              29,798,686,421,059.41

In this time period, the debt has increased precisely $2,046,790,184,644.64, and worst of all, almost all of this increase is debt held by the public which has been borrowed from foreign governments like the communist Chinese, and printed by the Federal Reserve Bank, significantly devaluing the precious U.S. dollar.

This is an absolutely mind-blowing increase of $5.75 billion each and every single day.

And given that true economic recovery appears to be nowhere in sight and the federal reserve continues to endlessly monetize the debt and pump countless trillions into the markets via quantitative easing, it is pretty much a certainly that the next two trillion dollars of debt will be accumulated before we know it within the next year or even less.

[jpl]

Can our country survive another ten more years or so of this insanity? I seriously doubt it!

[caww]

If they’re admitting Biden’s approval rating is 33%, he might actually be in the 20s so it’s no wonder everything he touches just gets worse and worse.

[Kenny500c]

Deb tracking... Is Biden sniffing the hair of debutantes?

[Diogenesis]

want to bet that
they will REPO $1.8 Trillion (+/- .15) today.

[jpl]

Darnit! That’s what I get for not editing well enoguh. :)

[Gay State Conservative]

I’ve been tracking Deb for years...but she keeps calling the police on me!

[V K Lee]

This country has not survived the first 10!
Not as the USA in which we were born. Unrecognizable,
unloved, unwanted and beyond broke and broken. Citizens
of a certain age realize this fact. Is it true we can
never go home again?

[FatherofFive]

Deb does Biden

Shows up and tells Joe "I'm here to give you Super sex! What will it be?" Joe thinks and says, "I'll have the soup!"

[Worldtraveler once upon a time]

— “Can our country survive another ten more years or so of this insanity? I seriously doubt it!”

I think it can. At some point in time, one only need abrogate the debt and wipe out the fed. Some small and MANY wealthy will be hurt and some federal programs will collapse and need restructuring. But with that, the nation is able to continue.

I downloaded a white paper from the IMF which was a history of abrogations of federal debt across the 20th century. A very long list, telling that abrogation is a “thing” and it has been used for centuries. I think it becoming time to do it again. Here.

It's only a matter of time.

[central_va]

To get some perspective on this figure WWII cost $4T adjusted for inflation.

Link:

"Adjusted for inflation to today’s dollars, the war cost over $4 trillion and in 1945"

[Vaduz]

He’s wants to outdo Obama’s spending.