It's Official: US Debt-To-GDP Passes 100%

ZeroHedge.com ^ | on 12/21/2011 16:58 -0500 | by Tyler Durden

[MontaniSemperLiberi]

I. Total debt as of December 20: $15,131,979,264,288,80 (source):

The $4,693,230,053,393.20 in intergovernmental holdings really doesn't count. At least the bond market and ratings agencies don't count it. It's things like accrued unemployment compensation, Social security savings and the like, i.e. IOU's the government writes to itself. The number the bond market looks at is the $10,438,748,210,895.60. So $10,438B/$14,526B = 71.9% is what everyone in the financial industry looks at. At 90% they start to pull money back from bond auctions. Don't worry though. At deficits of $1,400B per year. We should be through that 18.1% difference in less than two years like the EU was a year ago. In five years we are Greece.

[Mark17]

I always wanted to live for a while in Greece.

Now I don’t need to move to do it.

My gut feeling tells me, it will be much, much worse that Greece. Martial law may or may not even affect it.

[MachIV]

Were done.

[SpaceBar]

Put a fork in us.

[E. Pluribus Unum]

This is when the exponential numbers start kicking in.

Good luck to us all. We are going to need it.

[BobP]

Crushing Debt!

[sten]

that’s when the shooting starts

don’t you remember the contrail just west of LA? that was china saying ‘stop devaluing the dollars you owe us’

not everyone is as stupid as a dem

[blam]

"There is no way back now except to rise out of the ashes. "

I've been thinking that for 2-3 years.

[elpadre]

Certainly there must be some way to undo mistaken appropriations - especially when there is no money to pay for them and they are leading to the ruination of the nation.

[greene66]

Wasn’t 90% long considered the “point of no return?”

[Enough is ENOUGH]

http://debtwall.org/the-debt-wall-on-the-mike-huckabee-show/

Understanding the debt wall, when total world debt exceeds world gross domestic product.

http://debtwall.org/

http://debtwall.org/the-debt-wall-vide/

[qwerty1234]

We are screwed, mathmatically speaking I see now good way for this to end.

Unfortunately, it does not matter a bit who gets elected, it will be more of the same.

Look at the percent increases in the debt for the last 10 presidents or so...does not matter a bit who is in office, the spending marches on.

[fortheDeclaration]

Yes, we need to look at what we can do and start there, but it is very difficult to actually cut anything since no politican wants to stop handing out goodies.