5/25/10 Just passed the 13 trillion dollar debt mark.

The info I looked up was dated from 2009, the map I put up I should have taken notice that it was WAYYYYYYYYYYYYY the fuck off before I posted it.


Our GDP is approx 14 Trillion, DEBT = 13 trillion+


yep 92% ratio and keeps getting better and better.

How can anyone think this economy is strong when all it does is borrow trillions of dollars. How long this can go on for is anyone's guess but sooner or later the system has to give under all these trillions being borrowed.
 
Quote from S2007S:

The info I looked up was dated from 2009, the map I put up I should have taken notice that it was WAYYYYYYYYYYYYY the fuck off before I posted it.


Our GDP is approx 14 Trillion, DEBT = 13 trillion+


yep 92% ratio and keeps getting better and better.

How can anyone think this economy is strong when all it does is borrow trillions of dollars. How long this can go on for is anyone's guess but sooner or later the system has to give under all these trillions being borrowed.
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But what really is our GDP. The BS numbered calculated by the government? If we are borrowing trillions for stimulus to keep GDP up isn't that also false accounting?
 
Quote from peilthetraveler:

Go triple the balance on your credit card and ask the same question again.
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Allow me print the currency in which this debt is denominated and I'll be happy to!
 
Quote from Trendytrader:

But what really is our GDP. The BS numbered calculated by the government? If we are borrowing trillions for stimulus to keep GDP up isn't that also false accounting?
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What really is our debt? How can you believe one number they publish and not the other?
 
13 Trillion includes debt owed by the government to itself, as various government entities own Treasury debt, most significantly the Federal reserve. I believe net debt is approx. 70% of GDP or around 9.5 Trillion.
 
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