5/25/10 Just passed the 13 trillion dollar debt mark.

Discussion in 'Economics' started by peilthetraveler, May 25, 2010.

  1. S2007S

    S2007S

    The info I looked up was dated from 2009, the map I put up I should have taken notice that it was WAYYYYYYYYYYYYY the fuck off before I posted it.


    Our GDP is approx 14 Trillion, DEBT = 13 trillion+


    yep 92% ratio and keeps getting better and better.

    How can anyone think this economy is strong when all it does is borrow trillions of dollars. How long this can go on for is anyone's guess but sooner or later the system has to give under all these trillions being borrowed.
     
    #11     May 26, 2010
  2. But what really is our GDP. The BS numbered calculated by the government? If we are borrowing trillions for stimulus to keep GDP up isn't that also false accounting?
     
    #12     May 26, 2010
  3. Allow me print the currency in which this debt is denominated and I'll be happy to!
     
    #13     May 26, 2010
  4. What really is our debt? How can you believe one number they publish and not the other?
     
    #14     May 26, 2010
  5. 13 Trillion includes debt owed by the government to itself, as various government entities own Treasury debt, most significantly the Federal reserve. I believe net debt is approx. 70% of GDP or around 9.5 Trillion.
     
    #15     May 26, 2010