“Debt super cycle”

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

Excerpt:

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.