Jan

30

2013

While the Debt Keeps Heading North: 103%

by Mike

DebyVsGDP
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.
Red-alert

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by Mike Rogers

Mike is a British import of some 27 years, who was a conservative in the days of Margaret Thatcher and Ronald Reagan. A staunch constitutionalist, Mike espouses all good causes toward the libertarian side of conservative - EG he who governs least, governs best. He believes that the Declaration, the Constitution, and the Bill of Rights mean what they say, and that candidates for office should take their oaths of office seriously. Here to defend, without irony "Your rights as Englishmen from distant and tyrannical government", Mike knows whereof he speaks and exhorts all US citizens to live, breathe and teach our history and our constitution.

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Leave a Comment

  • 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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