U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day
.President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”
The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Monetary Fund. The lower panel shows U.S. annual GDP growth as tracked by the IMF, which projects the world’s largest economy to expand at a slower pace than the 3.2 percent average during the past five decades.
.Maybe Germany will bail us out, instead of Greece?
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Where's our liberal troll NOW?..C'mon jerk weed, tell us how this is ALL because of conservative politics and greed and hate and bigotry. Tell us how WE deserve it, but remember...EVERYONE'S investments are about to be lost, even liberal voter investments. And it's not any one political group that caused it, they are all equally guilty.
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C'mon, numb nuts, run your mouth.
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I'm glad I got a place to run to now. It's where I'll hoard beans, bullets and precious metals. Our paper money and 401Ks and such are about to become worth the paper they are printed on, if and only IF, you need to wipe your back side.
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Schteveo
8 comments:
Hey Gomer-Shpos- I'll take the gold and ammo, You take the carbon credits and the yugo
Come Nov, we'll find out if the Amerikan people really care. I'm betting that they do care, but by then, they'll have been distracted by some contrived "crisis" and will fail to make the deep and drastic changes desperately needed in the current govt.
See, me and the Spides is on de same page. I think we'll see some minor BS, blown into a huge national "crisis" so the sheeple can have their heads turned.
"These are not the GDP figures you were looking for...move along..."
It's too bad really, this could have been a great country, if the freedom haters had left it alone!!
smoke and mirrors
This is what i meant by "diverting the peoples attention". The Left is now gearing-up for all-out war to get their radical agenda shoved down the peoples throats. And who better to lead this (tax exempt) political campaign than Anita Dunn, a "former" member of Obummer's politburo. She's the one who said publically that her idols are, Mother Theresa and Chairman Mao.
Now do you see anything from the Repubs or the Right that will be able to combat this attack? I sure don't! As i've always said, the only way to beat the Left is to use their tactics. If we're told (and believe) that we should be above using those tactics, the war is lost.
http://www.nytimes.com/2010/06/07/health/policy
/07campaign.html
The debt went from $5 trillion to $10 trillion fropm 2001 to 2007 when bush and the republicans had the keys. During non-recession times. They doubled it.
Prior to that, the reagan years saw a tripling of the debt.
Republicans failed in their 30 years of dominance.
Der go dat NannerMouse MassaBatin awl ober de wall agin. Sum timez der GizMouse, I tink ya'll gots 'ejackewelashun ub da mout'.
SHOnuff. Now hoed yer nose and Shwallow It Mouse!!
Gimmee a Niysh Liberal Gulp der Hot Pants boy.
How dat, now ya
ll gots a nudder Trillion goion down. Nyyyyyyyyyyyyyyyyyyyyyyyyyyysh.
You missed the challenge: How does continuing to increase the debt to the point of no recovery help anyone?
The initial point was that it was the fault of both parties. Both contributed to the current crisis, now how do we fix it? Somehow "more of the same and then some" doesn't seem like a good idea.
Or maybe I missed the point of your argument...was it..."If we blame someone else for past mistakes the current ones won't count." ????
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