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

By: ribit in ROUND | Recommend this post (0)
Thu, 22 Dec 11 7:20 AM | 38 view(s)
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Msg. 37305 of 45651
(This msg. is a reply to 37296 by capt_nemo)
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...if the mayans is so smart, why ain't there none of them still around?

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:

It's Official: US Debt-To-GDP Passes 100%
By: capt_nemo in ROUND
Thu, 22 Dec 11 5:12 AM

Msg. 37296 of 45651

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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