Wednesday, January 4, 2017

Debt: It Just Keeps Going Up!

The total debt keeps rising with no end in sight. The above is through Q3 2016. Most likely we are well above $20 trillion.
The above is the annualized changes by Quarter, The surprise was a year ago where we saw a $3 trillion annualized increase! One wonders where the Press is on this one. Clearly this is more important than some less than competent IP server manager and their employer.
Finally the above are the Quarterly annualized increases. This is well ahead of any GDP changes. The blame is on Medicare and Social Security. But frankly many of us paid into and continue to pay into a system whose returns to us are negative to say the least. Where is the money going folks!