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It's Official: US Debt-To-GDP Passes 100%
ZeroHedge.com ^ | on 12/21/2011 16:58 -0500 | by Tyler Durden

Posted on 12/21/2011 3:32:30 PM PST by DeaconBenjamin

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To: DeaconBenjamin
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.

21 posted on 12/21/2011 4:16:49 PM PST by MontaniSemperLiberi (Moutaineers are Always Free)
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To: Gritty
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.

22 posted on 12/21/2011 4:21:05 PM PST by Mark17 (California, where English is a foreign language)
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To: Mark17

Were done.


23 posted on 12/21/2011 4:26:31 PM PST by MachIV
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To: DeaconBenjamin

Put a fork in us.


24 posted on 12/21/2011 4:28:29 PM PST by SpaceBar
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To: DeaconBenjamin
This is when the exponential numbers start kicking in.

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

25 posted on 12/21/2011 4:29:10 PM PST by E. Pluribus Unum (FOREIGN AID: A transfer of money from poor people in rich countries to rich people in poor countries)
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To: Psycho_Bunny
DebtCheck5 - Bernanke
Crushing Debt!
26 posted on 12/21/2011 4:36:52 PM PST by BobP (The piss-stream media - Never to be watched again in my house)
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To: microgood

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


27 posted on 12/21/2011 5:15:04 PM PST by sten (fighting tyranny never goes out of style)
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To: Electric Graffiti
"There is no way back now except to rise out of the ashes. "

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

28 posted on 12/21/2011 5:15:22 PM PST by blam
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To: fortheDeclaration
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.
29 posted on 12/21/2011 5:44:39 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: DeaconBenjamin

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


30 posted on 12/21/2011 5:57:39 PM PST by greene66
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To: DeaconBenjamin

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/


31 posted on 12/21/2011 6:29:25 PM PST by Enough is ENOUGH (Demand a real conservative enter the race. This election is too important to gamble away.)
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To: TheConservativeParty

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.


32 posted on 12/21/2011 6:31:30 PM PST by qwerty1234
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To: elpadre

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.


33 posted on 12/22/2011 4:06:43 AM PST by fortheDeclaration (All that is necessary for the triumph of evil is that good men do nothing. Burke)
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