US debt rose by 570 billion in June and exceeded the GDP of China, Japan, Germany and the UK combined
In the past two weeks alone, more than half a trillion dollars has been thrown into the US government's debt spiral.
According to the latest data, as of June 20, the US national debt stood at $32.03 trillion, up $571 billion from its $31.46 trillion on June 1.
The total US debt is currently greater than the combined gross domestic product of China, Japan, Germany, and the UK combined, at $244,000 per American household.
At current interest rates, the US currently pays out more than $2 billion a day in interest payments, and even if every American family contributed $1,000 a month to...