Who Bought the $1.6 Trillion of New US National Debt Over the Past 12 Months?

Posted by Wolf Richter

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So far in this fiscal year, which just started on October 1, the US gross national debt – the total debt issued by the US government – has jumped by $138 billion in just 11 business days, fueled by a stupendous spending binge and big-fat tax cuts, to a breath-taking $21.654 trillion, after having jumped $1.27 trillion in fiscal 2018. And these are the good times! CLICK for complete article

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