Debt Borrowing Debt

In case you were wondering, the Biden administration continues to set economic records. They are literally tearing it up. Check this out:

This is how much debt, per quarter, the US Treasury has issued. We’re not adding $1 Trillion to the national debt every 90 days. That’s something like $65,000 per taxpayer. But I’m sure they know what they’re doing.

Even the Wall Street Journal, which loves debt, is sounding the alarm, writing that rapid growth in debt often ends badly, and given the enormous size and alleged safety of the Treasury market any “instability” could be catastrophic.

It’s a quick read and worth it.

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