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Total US Debt Soars To 101.5% Of GDP 

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Wed, 02 May 12 2:27 AM | 74 view(s)
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Submitted by Tyler Durden on 05/01/2012 16:37 -0400

Debt Ceiling
Gross Domestic Product
Real Interest Rates

There is nothing quite like a $70 billion debt auction settlement at the last day of a month to bring total US debt to a record $15.692 trillion, which happens to be just $600 billion shy of the $16.394 trillion debt ceiling. (and no, contrary to simple economic textbook lesson, this does not mean that the private sector just got another $70 billion in debt capacity courtesy of taxpayers, as explained here). And now that we know what Q1 GDP was at the end of Q1, or namely $15.462 trillion, it is simply math to divine that today alone total US/debt to GDP rose by 50 bps to a mindboggling 101.5%.

Below is a chart of two lines with different slopes. We leave it up to readers to figure out which line is GDP and which is total debt.
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more,,,,,,,,,,,,,,,,,,,,,,,

http://www.zerohedge.com/news/total-us-debt-soars-1015-gdp?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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