The amount of total outstanding public debt on America’s balance sheet is soaring.
Newly updated numbers from the government’s Fiscal Data platform show the country’s debt has surged by $57.2 billion in just four days.
After surpassing the $32 trillion mark on June 16th, the total debt accumulated by the US has already jumped an additional $590 billion as of July 20th.
In a new interview on Bloomberg TV, billionaire investor David Rubenstein says the US can only manage its ever-increasing pile of debt with inflation, which will further expand America’s income inequality gap.