Submitted by Tyler Durden on 12/21/2011 16:58 -0500
With precisely one year left for the world and all of its inhabitants, at least according to the Mayans, not to mention on the day of the Winter Solstice, it is only fitting that 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%. Congratulations America: you are now in the triple digit “debt to GDP” club!
(naturally, this is using purely “on the books” data. If one adds the NPV of all US liabilities, and adjusts GDP for such things as today’s housing contraction, then the magical triple digit threshold was breached long, long ago).
And here is the breakdown for the forensically inclined ones:
I. Total debt as of December 20: $15,131,979,264,288,80 (source):
II. Net cash settlement of all completed auctions: $50,777,000,000.00 (source):
III. Total GDP: $15,180,900,000,000.00 (source):
=> Total Debt/GDP= $15,182,756,264,288.80/$15,180,900,000,000.00 = 100.012%
Source
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1 comment:
I have always said Obama was the Anti-Christ. Also that he would destroy the US as we know it.
After three years, he now has a record that he cannot hide or coverup. He has done this with his records of his life, from birth to college, to work history. to alias's, to receiving student aid as a foriegn student / non-US citizen.
SO what is the big deal? I say it coming and rebuked by Idiots over it.
You get what you ask / vote for.
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