As we approach the end of the year, it may be a good time to revisit the US debt topic
We last visited the debt level back in Aug 2015.
As of 15 August 2012, the total public debt is 15,944,869,685,894.92.
As of 16 December 2015, the total public debt is 18,788,138,221,346.49.
The public debt of the US has increased and there is no immediate suggestion of any decrease to the rate of accumulation.
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We will head into 2016 with increased uncertainty. The threat of terrorism is increasing and the Middle East situation is increasingly becoming fragile. Any conflict will likely elevate the debt level.
In the future should sentiments be affected negatively due to the debt, the value of the US dollar may drop as a result.
Have a great day ahead.
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