While the Debt Keeps Heading North: 103%

by Mike

Yessireee Bob, the debt to GDP ratio is now sitting at 103%, aided and abetted by that downward revision of GDP – Thanks, Obamanomics!
Add in the fact that we are creating 4 Trillion of new debt each year (3 Trillion rolled over and 1 Trillion net new), which is 25% of GDP(!), those warning signals I wrote of are flashing even more urgently.

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  • mer

    Nope, we don’t have a spending problem. If only the Fed would print more money that the Gov could spend, why we’d be in the black. Those stupid people that think that just because they worked their butts off for it, it’s their money. Fools.

  • Chris P. Bacon

    looks like the same graph they use over at Treehuggies to splain Global Warning.

    • C. dog e. doG

      Hockey sticks are all the rage these days. Wonder what Greece’s looked like before their hockey stick got all broken?
      – C. dog

  • Tim from Nashua

    Looks like the bad 1/2 of the Bell Curve. Hope we reach the downward side of the curve in my lifetime.

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