$167,911,000,000 Added To US National Debt in 20 Days As Citadel CEO Warns Government Spending at ‘Borderline Insanity’
The CEO of a $60 billion hedge fund says Americans should be alarmed about the country’s rapidly expanding debt.
New numbers from the Treasury Department show the national debt climbed from $34.393262 trillion on March 1st to $34.561173 trillion on March 20th, a rise of $167.911 billion in just 20 days.
At this point, the rapid pace of the country’s debt accumulation poses a major risk to America’s fiscal future, according to Citadel CEO Ken Griffin.
In a new CNBC interview at the International Futures Industry conference in Florida, Griffin says the lack of daily dialogue about the growing national debt is allowing the government to borrow at a rate that’s irrational and dangerous.
Griffin says no outside entity can or will save the United States from a debt crisis.