was 1T, total. After 200+ yrs as a country. 1T.

In the next decade or so, interest on the debt will surpass military spending annually. 750B+. Really doesn’t require much movement on the 10 yr treasury yield to cause mayhem. Trump has uttered many times how smart it would be default on our gov debt, so we could renegotiate it lower. The tax cut & massive gov spending spike in 2018 was great to pump the 2nd & 3rd qtr GDP & stk mkt for midterms, but not so great long term.

Tax cuts at peak stock mkt will become more obvious once real recession sets in & all the monetary & fiscal policy tools in the box aren’t available. Well, not without adding more insane deficit & debt on top of the latest round of deficit & debt that created the illusion of awesomeness & Trumps an Econ magician. It was all debt. His magic will become painfully obvious, even to the Orange koolaid guzzlers.