This year’s presidential election has been so drenched with public bickering and controversy, it’s left very little airtime for the multi-million freight train that’s on course to crash everybody’s party: U.S. public debt.
In July, the Congressional Budget Office (CBO) reported that federal debt held by the public skyrocketed to 75% of U.S.
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The Russell 2000 small cap index (NYSEARCA:IWM) just made a new all-time high, but stocks aren’t the only thing topping. U.S. public debt is at record levels too and heading higher.
Total outstanding public debt is now at $17.41 trillion, according to the U.S. Treasury Department’s latest daily statement.
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