III. FEDERAL SPENDING
National Defense Spending, 1965-2007 estimate
At 4 percent of GDP, defense spending is one and a half percentage points of GDP below the 45-year historical average and well below Cold War and Vietnam War levels.
The abvoe is a little easier to read.
* Net interest on debt: $261 billion (+9.2%)
I believe the question was about debt and bankruptcy. The problem with your GDP is that the Government doesn’t own the GDP.