Free Republic

Unabridged Title:US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling While not news to Zero Hedge readers who knew about the final debt settlement of US debt about 10 days ahead of schedule, it is now official: according to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09. And, as was observed here first in all of the press, US debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the US government decided to...

SACRAMENTO - Voters in the eastern San Francisco Bay Area suburb of Discovery Bay approved a contentious school bond in June to refurbish the city's middle school. In November, they'll face another ballot measure seeking to build a new high school. And that's not all. They also will be asked to vote on a $10.4 billion statewide education bond - part of a record public-works package supported by Gov. Arnold Schwarzenegger and legislative leaders. Altogether, the November election will mark the 19th time in four years a local or state school bond has appeared on a Contra Costa County ballot....