Carlin: Wall Street Owns Washington

Economists See No Crisis Despite Debt Growth Outpace Economic Growth


“Three years after a government spending surge in response to the recession drove the U.S. past that red line — the nation’s $16.7 trillion total debt is now 106 percent of the $15.8 trillion economy”

=======================================================

 

Federal Debt: Total Public Debt as Percent of Gross Domestic Product (GFDEGDQ188S)

Federal Debt: Total Public Debt as Percent of Gross Domestic Product (GFDEGDQ188S)

2012:Q4: 103.66867 Percent of GDP   Last 5 Observations

2012:Q3: 101.61433
2012:Q2: 101.72876
2012:Q1: 100.67048
2011:Q4: 99.35996

Quarterly, Seasonally Adjusted, Updated: 2013-03-13 10:31 AM CDT

$16,750,130,322,121.01 (National Debt)

Why U.S. Economic Growth Must Outpace Debt Growth … And Why It Won’t without the Private Sector’s Resurgence

Other headlines:

  1. Chicago to close 54 schools to address $1 billion deficit
  2. Hunt for Yield Boosts Junk-Bond Debt
  3. Italy tries for stimulus, at a cost
  4. San Jose Updates Unfunded Liabilities for City Pension Funds
  5. Cyprus cash crisis hits small business (Video)
  6. Fitch may downgrade U.K.’s triple-A rating

 

NATIONAL DEBT CHART FROM HELL

Interest On National Debt Vs. Defense Spending

In a decade, interest on the national debt will exceed total federal spending on the defense budget by $125 billion, or 20 percent, according to CBO.

SAX

73 Total Views 1 Views Today