Economic and Financial Gobbledygook Into Plain English

September 17, 2009

The National Debt Approaches 100% of GDP

Filed under: Uncategorized — Alec @ 8:45 pm

It took the U.S. over 200 years to accumulate a federal debt of 1 trillion dollars.  Now we are planning on running ANNUAL deficits of OVER 1 trillion dollars for the foreseeable future and our debt will shortly equal 100% of our GDP.

Article      

Congressional Budget Office Report

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