Senator Rand Paul stated an obvious possibility, the other day: soon the U.S. federal government’s official debt will roll over another trillion dollar mark, to $39 trillion.
His Thanksgiving message was not unrelated to the debt:
And there was a follow-up poll:
Speaking of time, the $36 trillion mark was hit a year ago, in late November.
The $37 and $38 trillion marks both hit this year. Will we squeeze a third trillion dollar mark in for 2025? No, if the Congressional Budget Office’s predictions are correct. The CBO expects the debt will rise above $39 trillion in mid-2026, with $40 trillion achieved later in the year.