[Carismar]

Two years from now on July 31, 2013, I predict the GDP to debt ratio will be at least 120% – approaching Greek level.

[muawiyah]

Greece had no government owned assets. The US government probably has more than $150 trillion in government owned assets ~ ABOVE WATER and that, and maybe more in the national economic zones.

These pukes haven't even begun to talk about the assets ~ the closest they got was "we are not selling the Grand Canyon".

[Errant]

Two years from now on July 31, 2013, I predict the GDP to debt ratio will be at least 120%

I'm pretty sure Obama will have the entire amount obligated before the end of 2012...

He'll be back for more sometime in January, 2013.

Chances are good that he'll have us in a major war before then and if that happens, all bets are off.

[Graneros]

When you count the unfunded (140 Trillion) liabilities of SS, Medicare, and Gov’t pensions the the GDP to debt ratio is probably already somewhere around 400%. I don’t know what the actual number would come out to but it has to be huge. This has all just been rearranging the deck chairs once again.