Recklessly Ballooning US Government Debt Spikes by $519 Billion since Debt Ceiling, Expected to Hit $37.8 Trillion by Yearend. $722 Billion in Treasury Auctions this Week Alone

The Mississippi River of debt, as we’ve come to call it, that is streaming into the bond market day after day, looked like this yesterday and today: For the two days combined, the government sold $476.5 billion in debt, ranging from 6-week Treasury bills to 5-year Treasury notes, including 2-year Floating Rate Notes (FRNs).