Debt hits 100 percent of GDP mark

Debt hits 100 percent of GDP mark December 22, 2011 11:32 am TB

Both right around the $15 trillion mark. This is about six times what the government brings in every year in taxes.

Imagine owing six times your annual salary to a credit card.

conventional wisdom vs. the markets "In Washington, 2011 was all about dangers posed by America’s deficits. Republicans said deficit reduction ... by BuckGalaxy 2011-12-27 11:40:24
- "Infrastructure." Translation: Print another few trillion dollars and pass it to our union pals while we have the ... by TB 2011-12-27 12:12:42
  - Infrastructure was once something EVERYONE agreed on. wtf!? Do you think there might be an economic price for ... by BuckGalaxy 2011-12-27 19:39:31
    - Number One: by TB 2011-12-27 21:00:28
Debt six times annual income? Oh, you mean a mortgage. by Robert 2011-12-23 11:08:55
- Nice try. by TB 2011-12-23 12:23:12
  - Heh. by TB 2011-12-23 12:27:21
    - It's really not true that everything is politics. That was a meta comment on your technique, with the big scary ... by Robert 2011-12-23 16:54:19
      - No, things stop being "politics" when the wrong ox is being gored. by TB 2011-12-23 19:23:33
We have a long term debt problem. We have a short term jobs crisis. Focus on jobs now ... by BuckGalaxy 2011-12-22 21:47:21
- We'll get more jobs when employers stop being Enemies of the People. by TB 2011-12-22 22:18:09
  - That's right. Why don't they stop? by ER 2011-12-23 07:33:53
  - We'll get more jobs when the gop stops trying to tank the economy to regain power. by BuckGalaxy 2011-12-23 00:35:16
    - The GOP is doing all this? by TB 2011-12-23 12:35:51
- You know, a cynic might say that high unemployment was good for business. It keeps salaries down. by ER 2011-12-22 21:54:36
Obama: by TB 2011-12-22 12:24:32

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