Skip to comments.It's Official: US Debt-To-GDP Passes 100%
Posted on 12/21/2011 8:27:11 PM PST by RKBA Democrat
With precisely one year left for the world and all of its inhabitants, at least according to the Mayans, not to mention on the day of the Winter Solstice, it is only fitting that US debt, net of all settlements for all already completed bond auctions, is now at precisely $15,182,756,264,288.80. Why is this relevant? Because the latest annualized US GDP, according to the BEA, was $15,180,900,000.00. Which means that, as of today, total US debt to GDP is 100.012%. Congratulations America: you are now in the triple digit "debt to GDP" club!
(Excerpt) Read more at zerohedge.com ...
A Christmas gift from The Usurper to Soros.
They should just issue debit cards in the delivery room.
There’s plenty of blame to go around for this. A pox on all your big government houses!
Hope and Change.
Not a problem so long as there’s a plan underway to reduce debt to zero.
Which, of course, there isn’t.
Never mind that, there’s a bunch of posturing going on over an inconsequential short-lived tax credit.
No kidding. The Usurper and the Nazi Collaborator. What a pair.
Another opportunity youse the President’s favorite word, “unprecedented.”
It is as it was planned to be......
“Barack Obama will require you to work. He is going to demand that you shed your cynicism. That you put down your divisions. That you come out of your isolation, that you move out of your comfort zones. That you push yourselves to be better. And that you engage. Barack will never allow you to go back to your lives as usual, uninvolved, uninformed.”
What a disgusting, arrogant and truly ignorant woman this one is. The grace of a hyena and the intelligence of a lemming.
1946 had the crest at 129.2 percent for gross public debt.
1946 - 129.2
2010 - 111.4
2011 - (120.2) and that’s an estimate. Bad, yes, but not quite unprecedented.
Yes but in 1946 we had decimated Nazi Germany and Imperial Japan in 2011 we have a giant welfare state and are chasing a couple of bearded punks across the globe.
Clearly 1946 was a better situation.
I’ll bet she impresses us with an even better show after Obama loses and she knows the party is over.
I suspect it will be the playing of the race card... on steroids.
It’s not even second. 1945 was 124. The last year of WWII put the US from 100 percent to 124. Went up from 60 to 80 to 100 to 124.
Obama has added 40 percent in just 3 years. WW II Put on 60 percent in the same.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.