$21 Trillion And Counting: Why This Time The Fiscal Wolf Is Really At The Door (Part 1)

That didn’t take long. The $20 trillion national debt marker was crossed on September 8th, but it only took another 186 days to vault over the $21 trillion level last Thursday.

Then again, you haven’t seen nothin’ yet. The annual deficit will approach $1.2 trillion in the coming fiscal year; breach the $2.0 trillion market by the middle of the next decade at the latest; and pile a total of $17 trillion onto the national debt over the next 10 years.