- Prison Planet.com - http://www.prisonplanet.com -

Total US Debt To GDP: 105%

Posted By admin On April 26, 2013 @ 10:20 am In Money Watch | Comments Disabled

Zero Hedge [1]
April 26, 2013

Now that we have the first estimate of Q1 GDP growth in both rate of change and absolute current dollar terms ($16,010 billion), we can finally assign the appropriate debt number, which we know on a daily basis and which was $16,771.4 billion as of March 31, to the growth number. The end result: as of March 31, 2013, the US debt/GDP was 104.8%, up from 103% as of December 31, 2012 or a debt growth rate that would make the most insolvent Eurozone nation blush. There was a time when people were concerned about this unsustainable trajectory, but then there was an infamous excel error, and now nobody cares anymore.

In fact, moar debt is moar best-er.

Total US Debt To GDP: 105% Debt%20to%20GDP%20Q1%202013 0 [2]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/total-us-debt-to-gdp-105.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-04-26/total-us-debt-gdp-105

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/04/Debt%20to%20GDP%20Q1%202013.jpg

[3] US Debt/GDP Hits Post WW2 High 99.5% Following $55 Billion Overnight Debt Increase: Total Debt Now Over $15.1 Trillion: http://www.prisonplanet.com/us-debtgdp-hits-post-ww2-high-99-5-following-55-billion-overnight-debt-increase-total-debt-now-over-15-1-trillion.html

[4] Total US Debt Hits $16,369,548,799,604.93; Debt Ceiling Just $63 Billion Away: http://www.prisonplanet.com/total-us-debt-hits-16369548799604-93-debt-ceiling-just-63-billion-away.html

[5] Hours Ahead Of The Presidential Debate, Total US Debt Hits Record $16.19 Trillion: http://www.prisonplanet.com/hours-ahead-of-the-presidential-debate-total-us-debt-hits-record-16-19-trillion.html

[6] Total US Debt Hits $14.195 Trillion, $99 Billion Away From Debt Ceiling; Treasury Revises Breach Date To As Soon As April 15: http://www.prisonplanet.com/total-us-debt-hits-14-195-trillion-99-billion-away-from-debt-ceiling-treasury-revises-breach-date-to-as-soon-as-april-15.html

[7] US To End 2010 With $13.9 Trillion In Debt, Total Debt Incurred Since Great Financial Crash: $4.4 Trillion: http://www.prisonplanet.com/us-to-end-2010-with-13-9-trillion-in-debt-total-debt-incurred-since-great-financial-crash-4-4-trillion.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.