‘The debt is on pace to reach 74 percent of the countrys economic output by the end of the year’
I am a bit lost here. According to the debt clock, we have a debt of 17.6 trillion and a GDP of 16.7 Trillion. Meaing we have more actual debt than we have GDP at about 106% debt to GDP.
What am I missing?
http://www.usdebtclock.org/index.html
>>we have a debt of 17.6 trillion and a GDP of 16.7 Trillion<<
Yea, I as well. Me thinks this is nothing more than a propaganda piece.