Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind

If National debt is around $14.9 trillion and GDP is around $14.5 trillion, then I’m guessing the “Total U.S. Debt” used in this graph must include everything else such as state and municipal debt, business and personal debt, financial debt, credit card debt, kitchen sink....etc.


18 posted on 10/31/2011 9:59:48 AM PDT by OB1kNOb (The prudent see danger and take refuge, but the simple keep going and pay the penalty. - Prov 22:3)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: OB1kNOb

Yep, Federal debt & GDP are about the same right now (~$15 Trillion)...where are they getting the numbers for debt to equal 300% of GDP? Unfunded Social Security & Medicare liability? State and local debt?


24 posted on 10/31/2011 3:12:30 PM PDT by Drago
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson