What it Means to Spend Over $3 Trillion

During the last five months, the U.S. national debt has increased from 23.5 trillion dollars to 26.5 trillion dollars. This represents the fastest increase in net dollar amount and on a percentage basis in history. During the same time period the Federal Reserve has embarked on an aggressive bond buying program with the goal of pushing rates as close to zero as possible throughout the yield curve.

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