The start point of the graph is around 72.
Now, I haven’t won a Nobel prize in a while; but, isn’t our debt $15.9 trillion and GDP $15.8 trillion.
Wouldn’t that make our ratio 100ish?
What flawed assumptions were used to make this propaganda.
Now, I haven’t won a Nobel prize in a while; but, isn’t our debt $15.9 trillion and GDP $15.8 trillion.
Wouldn’t that make our ratio 100ish?
What flawed assumptions were used to make this propaganda.
They might not be including the Social Security bonds in the total because they are owed by the government to itself.
http://www.treasurydirect.gov/govt/reports/pd/mspd/2012/opds122012.pdf lists how the debt is organized. It is roughly
$1.6 trillion in publicly held treasury bills,
$7.3 trillion in publicly held treasury notes,
$1.2 trillion in publicly held treasury bonds,
$0.8 trillion in inflation protected securities,
$0.5 trillion in publicly held non-marketable securities
and $4.8 trillion in government held non-marketable securities which is largely the Social security lockbox.
Exclude the intergovernmental holdings and we "only" have a debt of $11.6 trillion.
Well Euclid, your ratio arguments are irrational and besmirch the gawd Obama ...