A week ago, following the unsettled auction of the just concluded 2 Year bond issue, we calculated that the total US debt just crossed a psychological boundary that it will never cross to the downside ever again. Today, we just got the official confirmation courtesy of all auctions from last week finally settling. Sure enough, as of Friday, the official debt tally is now $16,015,769,788,215.80.

And for those who care about such things, the total debt/GDP is now, assuming the same GDP growth in Q3 as in Q2, at 102%, up from 76.5% when President Obama took office.