U.S. debt just jumped $100 billion

The total public debt stands at $16,171,037,343,408.57 right now, while it was $16,066,241,407,385.89 a few days ago. That's a major jump upwards...

Everyone thought the debt would flatten out, but everyone was wrong. At this pace we will rapidly go through the debt ceiling of $16.3 trillion.

This chart proves it:

Chart 1: Total Public Debt

You can anticipate a major announcement soon about the debt ceiling and maybe a downgrade of the U.S. treasury by Moody's...