US Ends 2012 With 103.8% Debt To GDPby Tyler Durden
Jan. 31, 2013
'People Of Light': New Campaign Seeks To Redefine What It Means To Be 'White'
Salon: Cut Off Friends And Family If They Support Trump
SHOCK VIDEO: Inside Trump's Concentration Camp For Immigrant Children
Turkey Finishes Massive Wall On Syrian Border, Paid For With EU Funds
Laura Bush Outraged By U.S. Border Policy, A-OK With Hubby Destroying The Middle East
Previously, when calculating debt/GDP metrics for the US, we naturally assumed some GDP growth in Q4. Following today's GDP data we now know what Q4 GDP is. We also know that, at least on a preliminary basis, it posted a decline on an annualized basis. This means that we now have an official print for US Debt/GDP as of December 31, 2012. The numerator, or debt: $16.432 trillion, or the debt ceiling, which as we know was breached on the same day, and which has yet to be formally raised. The denominator, or GDP: $15.829 trillion. This means that the formal debt/GDP is now 103.8% and growing fast.