Could the debt to GDP top 100% soon?

T

The Kin

On one hand we have the national debt, increasing increasing anywhere from 10 to 100 billion dollars a day as the PPT raises financing. The other hand, our GDP is gonna get its ass kicked so hard that government alchemists will no longer be able
To manipulate the numbers into a positive spin!!

Therefore, I think debt to GDP will top 100% by 2010.
 
Quote from The Kin:

On one hand we have the national debt, increasing increasing anywhere from 10 to 100 billion dollars a day as the PPT raises financing. The other hand, our GDP is gonna get its ass kicked so hard that government alchemists will no longer be able
To manipulate the numbers into a positive spin!!

Therefore, I think debt to GDP will top 100% by 2010.
More...
Many third world countries have debts several times their GDP, and they keep going, as long as they may keep printing and getting foreign credit.

In some years, maybe a decade, when the mortgage backed debt -acquired by the Fed- comes into equilibrium with home market prices, debt will be drastically reduced.
 
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