So when the so-called "debt ceiling" inevitably gets increased again, the official debt is going to go up... a lot.
Yep, that is because we are in “debt impasse”, and “extraordinary measures” have been implemented. Basically what happens is the Treasury can “skirt” the legal debt limit for a few months by using funds in various accounts such as Federal Retiree Pensions instead of issuing more debt (of course the former eventually has to be paid back with interest). So yes “technically” that number is correct in that the Treasury isn’t issuing any sort of securities because it has hit the legal debt limit.
Then you have all the liberals complaining about the cost of Trump flying to Mar A Lago on weekends. Sounds like a good return on investment to me.
merely a slight of hand.
The reported deficit for 2016 was $536B. The Government borrowed $1.4T.
Interest paid $432B in 2016 now with rising rates.