Fiscal Irresponsibility 32, US public debt rising by $7.7 B/day

The Biden administration and their Democrat Party are on the over-spending roll since they started in office January 20, 2021. Outstanding US public debt as of end-2020 (Trump administration) of $27.748 trillion became $28.429 by end-2021, $31.420 trillion by end-2022, and $33.676 trillion as of last Friday, Oct. 26, 2023.

I computed the average increase in US public debt from end-2022 (Dec. 31, 2022) to last Friday Oct. 26 2023, it's $7.67 B/day. I think it's horrible.

https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

Their budget deficit in fiscal year 2023 (ending end-Sept) was $1.7 trillion, or about $4.7 B/day, deficit alone. Revenues are not and will not be capable of catching up with runaway over-spending.

Meanwhile I saw these recent reports, enjoy.

The Ticking Time Bomb Gets Closer to Zero as the National Debt Quietly Blows Past $33 Trillion
SEPTEMBER 19, 2023  BY MICHAEL MAHARREY
https://schiffgold.com/key-gold-news/the-ticking-time-bomb-gets-closer-to-zero-as-the-national-debt-quietly-blows-past-33-trillion/

The United States Deficit Road to Ruin
22 October, 2023 Daniel Lacalle
https://www.dlacalle.com/en/the-united-states-deficit-road-to-ruin/

"High public deficits mean lower growth, lower real wages, and more debt in the future. All of it leads to higher taxes and persistent inflation. There is no such thing as a balanced budget with ever-increasing government size and constant erosion of the private sector via higher taxes."

Biden Administration Runs Third-Largest Budget Deficit in US History
OCTOBER 23, 2023  BY MICHAEL MAHARREY
https://schiffgold.com/key-gold-news/biden-administration-runs-third-largest-budget-deficit-in-us-history/

"The US government blew through $6.13 trillion in fiscal 2023. That was down slightly from last year’s total expenditures, but the numbers were skewed by student loan forgiveness accounting. If you factor out the reversal of student loan forgiveness, the Biden administration spent $6.46 trillion in fiscal 2023, an 8.8% year-over-year increase in actual spending."

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See also:
Fiscal Irresponsibility 29, On the so-called DBM "Underspending" in 2014, June 20, 2015
Fiscal Irresponsibility 30, Grexit is another socialist failure, July 08, 2015
Fiscal irresponsibility 31, Another US government shutdown, implications for PH and other countries, September 28, 2023.