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US Debt v. GDP Hits Post WW2 High 99.5% Following $55 Billion Overnight Debt Increase
ZEROHEDGE ^ | 12-1-11 | Durden

Posted on 12/01/2011 2:15:35 PM PST by tcrlaf

Total Debt Now Over $15.1 Trillion

It seems like it was only yesterday that we celebrated 15,OOO,OOO,OOO,OOOBAMA day. Two weeks later, we are now well over 100 billion in debt over this historic landmark, or $15.11 trillion to be precise, following the predicted $55 billion increase in debt with the settlement of all auctions from last week.

And aside from the mind-staggering rate of new debt increase why else is this number notable? Because as we learned 10 days ago, total Q3 GDP in current dollars is $15.18 trillion.

In other words, US debt/GDP is now 99.5%, the highest it has been in the post WW2 period, and rapidly rising.

What is worse is that the delta to 100% debt/GDP is only $70 billion: this is about half of the next two weekly gross issuances of 3,10,30s and 2,5,7s of about $160 billion over the next two weeks.

In other words by the end of 2011, debt/GDP will finally be a triple digit number percentage. And the other notable thing is that the debt limit still is $15.194 trillion.

It is ironic that the economic growth ceiling and the debt issuance ceiling are now one and the same: if the the debt target number does not rise neither will the US economy. Q.E.D.


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: china; debt; default; economy; gdp; iran; oil

1 posted on 12/01/2011 2:15:46 PM PST by tcrlaf
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To: tcrlaf

USdebtclock.org also has US unfunded liabilities to GDP ratio of 775% now.

And projected to be 811% of GDP in 2015 at current rates of growth.

We are almost at the Statutory Debt Limit passed this summer. The Super Congress has failed. We are now bailing out Europe with US taxpayer dollars.

HOPEY-CHANGEY!!!!!


2 posted on 12/01/2011 2:18:18 PM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: tcrlaf

The Federal Reserve is now our Government. Its really up to them what the Gov’t spends, what interest rate it pays, and possibly to a large extent, what they spend money one.


3 posted on 12/01/2011 2:20:24 PM PST by PGR88
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To: tcrlaf

If interest even goes up by two percent, it’s going to get messy.


4 posted on 12/01/2011 2:20:51 PM PST by Jonty30 (If a person won't learn under the best of times, than he must learn under the worst of times.)
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To: Jonty30

Mayer Amschel Rothschild quote: Give me control of a nation’s money and I care not who makes the laws.


5 posted on 12/01/2011 2:34:01 PM PST by scooby321
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To: tcrlaf
DebtCheck5 - Bernanke
Crushing Debt!

debt-direction2

6 posted on 12/01/2011 3:06:38 PM PST by BobP (The piss-stream media - Never to be watched again in my house)
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To: Jonty30

I give it about two years.


7 posted on 12/01/2011 3:28:50 PM PST by MontaniSemperLiberi (Moutaineers are Always Free)
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To: tcrlaf

Our debt-to-GDP is higher than that. And Tyler, there’s no safety in the US dollar, and the US default process will be completed.


8 posted on 12/01/2011 3:32:36 PM PST by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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To: MontaniSemperLiberi

Stuff like this always overtakes us before we know it. Congress is not expecting to have to really deal with it before 2013.

Sometime, during 2012, we’ll be facing the abyss.


9 posted on 12/01/2011 3:50:03 PM PST by Jonty30 (If a person won't learn under the best of times, than he must learn under the worst of times.)
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To: tcrlaf

Scary numbers.


10 posted on 12/01/2011 10:13:54 PM PST by spetznaz (Nuclear-tipped Ballistic Missiles: The Ultimate Phallic Symbol)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Note: this topic is from 12/01/2011. Thanks tcrlaf.

11 posted on 12/16/2011 1:58:56 PM PST by SunkenCiv (Merry Christmas, Happy New Year! May 2013 be even Happier!)
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