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It's Official: US Debt-To-GDP Passes 100%

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Thu, 22 Dec 11 5:12 AM | 42 view(s)
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Submitted by Tyler Durden on 12/21/2011 - 16:58 Bond Gross Domestic Product

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!

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http://www.zerohedge.com/news/its-official-us-debtgdp-passes-100




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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