Comments on: GDP-US Debt Parity Approaches http://dailyreckoning.com/gdp-us-debt-parity-approaches/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sat, 26 May 2012 18:05:48 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Meh http://dailyreckoning.com/gdp-us-debt-parity-approaches/#comment-18016 Meh Mon, 10 Aug 2009 03:57:03 +0000 http://dailyreckoning.com/?p=17617#comment-18016 Wait, I'm a little confused here. "In case you were wondering, the author of the Huffington Post piece is wrong; the deficit will NOT “balloon” to “a record $1.8 trillion”, but instead, the budgeted deficit for this year alone brings us ANOTHER $1.8 trillion deficit to add to the $11.6 trillion in accumulated federal deficits, taking us to almost 100% of GDP! Hahaha! We’re freaking doomed!" Eh, the debt to GDP is about 60%. So, 60% at 11 trillion. Adding another 1.8 would not make it 100%; that's ridiculous. Wait, I’m a little confused here.
“In case you were wondering, the author of the Huffington Post piece is wrong; the deficit will NOT “balloon” to “a record $1.8 trillion”, but instead, the budgeted deficit for this year alone brings us ANOTHER $1.8 trillion deficit to add to the $11.6 trillion in accumulated federal deficits, taking us to almost 100% of GDP! Hahaha! We’re freaking doomed!”

Eh, the debt to GDP is about 60%. So, 60% at 11 trillion. Adding another 1.8 would not make it 100%; that’s ridiculous.

]]> By: M Boyd http://dailyreckoning.com/gdp-us-debt-parity-approaches/#comment-17634 M Boyd Fri, 07 Aug 2009 03:45:56 +0000 http://dailyreckoning.com/?p=17617#comment-17634 OH MY GOD! This was absolutely amazing! I just posted a blog about a very similar topic, only not nearly as entertaining or informative.... Very very very well written! Kudos! OH MY GOD! This was absolutely amazing! I just posted a blog about a very similar topic, only not nearly as entertaining or informative…. Very very very well written! Kudos!

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