Thursday, December 22, 2011

100% Debt-to-GDP!!

ZeroHedge reports:

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%.

Another milestone in the Obozo Era.

HT:  MoonBattery


Jim said...

Yes, the Bush/Obama tax cuts, the recession, medicare part D, and the wars in the middle East have certainly created a lot of debt.

If McGrampy had won, it would have happened in the McGrampy era.

Dad29 said...

Too bad it's Obozo, eh?

Cry me a river.

Jim said...

Why would I be crying?

No, glad it's Obama. We'd be at war with Iran by now if it weren't.

Dad29 said...

Might get to Iran no matter what.

Grim said...

What's the bar for "at war"? My reading is that we have been for a while now.