“Debt super cycle”

U.S.’s $13 Trillion Debt Poised to Overtake GDP


President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”

The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Monetary Fund.

Comment: www.usdebtclock.org

In the above image I boxed the 2 elements.

1 comment:

  1. Notice that federal pension spending is 1/4 as large as Socialist Insecurity. Given that there are only a few million people working for the government, we are talking about a serious sweetheart deal for government workers.....that will in turn bust the budget, at least after Socialist Insecurity and Mediscare have done so.


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