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To: Mase
Good point! Our GDP currently runs between 13-14 trillion and out total debt is 9.2 trillion. So, on a year's GDP as a nation, our total debt is approximately 66%. With the total debt divided by the total population, that's $27,800 per man, woman, child.

Stated another way and what the gov and the MSM doesn't talk about is:

Stated another way, if 2006 debt had been at the 1957 debt ratio then 2006's debt would have been $19 trillion, not $48 trillion - - indicating excess debt in America today of $29 trillion. (note - if this chart were plotted as debt % GDP, instead of debt % national income, the curve would look near identical to this chart) Stated differently, in 1957 there was $1.86 in debt for each dollar of national income, but today there is $4.42 of debt for each dollar of national income. It also means that this extra $2.56 per dollar of debt produced zilch relative national income.

248 posted on 11/02/2007 9:28:02 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt
So, on a year's GDP as a nation, our total debt is approximately 66%.

Great. What's our wealth?

255 posted on 11/02/2007 9:31:53 AM PDT by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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