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It's Official: US Debt-To-GDP Passes 100%
ZeroHedge ^ | 12-21-11 | "Tyler Durden"

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 ...


TOPICS: Business/Economy; Extended News
KEYWORDS:
Not quite as high as Greece, but getting there.
1 posted on 12/21/2011 8:27:16 PM PST by RKBA Democrat
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To: RKBA Democrat

A Christmas gift from The Usurper to Soros.


2 posted on 12/21/2011 8:30:39 PM PST by shibumi (Cover it with gas and set it on fire.)
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To: RKBA Democrat

They should just issue debit cards in the delivery room.


3 posted on 12/21/2011 8:30:43 PM PST by SpaceBar
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To: RKBA Democrat

There’s plenty of blame to go around for this. A pox on all your big government houses!


4 posted on 12/21/2011 8:31:41 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: RKBA Democrat

Hope and Change.


5 posted on 12/21/2011 8:32:57 PM PST by Patrick1 (" Let's all pray Kim Kardashian's divorce won't have an impact on her craft.")
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To: RKBA Democrat

6 posted on 12/21/2011 8:33:41 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: RKBA Democrat
US Debt Clock.
7 posted on 12/21/2011 8:36:53 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: RKBA Democrat

Not a problem so long as there’s a plan underway to reduce debt to zero.
Which, of course, there isn’t.


8 posted on 12/21/2011 8:37:47 PM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: RKBA Democrat

Never mind that, there’s a bunch of posturing going on over an inconsequential short-lived tax credit.


9 posted on 12/21/2011 8:38:53 PM PST by EricT. (The GOP's sole purpose is to serve as an ineffective alternative to the Democrat Party.)
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To: shibumi

No kidding. The Usurper and the Nazi Collaborator. What a pair.


10 posted on 12/21/2011 8:41:06 PM PST by Old Sarge (RIP FReeper Skyraider (1930-2011) - You Are Missed)
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To: RKBA Democrat

Another opportunity youse the President’s favorite word, “unprecedented.”


11 posted on 12/21/2011 8:41:34 PM PST by USNBandit (sarcasm engaged at all times)
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To: RKBA Democrat

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.”

http://www.youtube.com/watch?v=g0Gl8aMOpcg


12 posted on 12/21/2011 8:49:18 PM PST by Gator113 (~Just livin' life, my way~.. Newt/Palin-West-2012."got a lot swirling around in my head.")
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To: Gator113

What a disgusting, arrogant and truly ignorant woman this one is. The grace of a hyena and the intelligence of a lemming.


13 posted on 12/21/2011 8:58:41 PM PST by Track9
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To: USNBandit

Not unprecedented.

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.


14 posted on 12/21/2011 8:58:51 PM PST by BenKenobi (Honkeys for Herman! 10 percent is enough for God; 9 percent is enough for government)
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To: BenKenobi

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.


15 posted on 12/21/2011 9:01:03 PM PST by NeoCaveman (Free TOTUS)
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To: Track9

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.


16 posted on 12/21/2011 9:03:36 PM PST by Gator113 (~Just livin' life, my way~.. Newt/Palin-West-2012."got a lot swirling around in my head.")
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To: shibumi
Once more, with feeling:
17 posted on 12/21/2011 9:03:37 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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A Christmas gift from The Usurper to Soros.


18 posted on 12/21/2011 9:04:04 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: NeoCaveman

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.


19 posted on 12/21/2011 9:08:43 PM PST by BenKenobi (Honkeys for Herman! 10 percent is enough for God; 9 percent is enough for government)
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To: RKBA Democrat

http://www.usdebtclock.org/
http://www.youtube.com/watch?v=odv_d6LJcnY


20 posted on 12/21/2011 9:13:52 PM PST by tumblindice
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To: mylife

That’s good!


21 posted on 12/21/2011 9:24:00 PM PST by GOPJ (Better is a dinner of herbs where love is, Than a fatted calf with hatred - Proverbs 15)
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To: USNBandit

The AP will find it ‘unexpected’...


22 posted on 12/21/2011 9:25:14 PM PST by GOPJ (Better is a dinner of herbs where love is, Than a fatted calf with hatred - Proverbs 15)
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To: Gator113

Yup.. A black liberation theology temper tantrum. All I can say is, I hope there’s no immunity for her avaricious crimes. She’s setting the progress of black consciousness back a hundred years.


23 posted on 12/21/2011 9:26:41 PM PST by Track9
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To: GOPJ

It made me laugh.


24 posted on 12/21/2011 9:27:53 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: RKBA Democrat

Welcome to the Third World!


25 posted on 12/21/2011 9:35:23 PM PST by Choose Ye This Day (The thing that counts is not what we could do, but what we actually do. -- Leo Spears)
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To: BenKenobi; NeoCaveman

At least the spending on WWII accomplished something.

The Kenyan Idiot has blown America’s finances out the door, and the only thing he has to show for it is a monstrous debt and (STILL) 9% unemployment.


26 posted on 12/22/2011 1:02:10 AM PST by canuck_conservative
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To: NeoCaveman

Adjusted for inflation, every $5T in 2011 dollars represents the amount spent on WWII. So we are 3 WWII’s in debt.


27 posted on 12/22/2011 6:14:48 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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