US Ends 2012 With 103.8% Debt To GDP
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.
Indicatively, this has risen from 76.5% on the day of Obama's first inauguaral address.
And for those who, erroneous, allege that Q4 GDP declined due to US government "austerity", here are the facts: in Q4, the US added some $312 billion in debt. And more to the point, the US government spent a grand total of $907.9 billion in the same quarter. This compares to $877.1 billion a quarter earlier: $30 billion less.
Some "Austerity."
(12 votes)
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As silver and gold Pop.
Absolutely BULLISH
Oh yeah, it couldn't get any better. See here: http://economiccollapsenews.com/2013/01/30/u-s-still-headed-toward-econo...
so at this run rate, what's the total debt delta gonna be under Obama...+12T.
They certainly did stack on new taxes and whatnot, but Bama has already added $6T from 1/20/09 to now. Funny how all this debt was "destroying the economy" when Busch did it, but now it's "saving the economy from the debt that Busch destroyed it with."
126% by 2016, but we have a Black Swan event coming soon.
...and Krugman wants MORE gov't/Fed (centralized) spending? What the fuck is wrong with this meglomaniac?
Krugman clearly understands the correlation between the debt chart and the djia chart. Both charts point to a very good return for Krugman and the people who do G_d's work....
Yep, because every ending is actually also some kind of new begining!
MONEY = DEBT, DEBT = MONEY, THEREFORE GROWTH IN DEBT SHOULD EQUATE TO GROWTH IN GDP. GROWTH ALL AROUND, ALL IS WELL.
KRUGMAN
Hope & Change. Amerika's stock market reacting like Zimbabwe's did. Oba-MAO is our Mugabe II.
aaaaand cue - equities rally, led of course by AMZN
DOW over 14,000 today.
Then talk about DOW going to 15,000
'
then a million!
fuck yeah
OK, so when exactly does the shit hit the fan? Or has it hit already? Perhaps this is just a phase of uncontrollable explosive diarrhea.
It does when war(coming soon) between the US/Israel vs Russia/Syria/Iran/China......hope you gotta plan.
http://www.ynetnews.com/articles/0,7340,L-4338964,00.html
The impending false flag information was hacked by someone in malaysia? and posted on 4chan, before making its rounds, round the world. Not sure they will pull such a deal now that the cat is out of the bag.
When they've taken the guns of course
They will get the business end with bullets first. That's my plan.
And, judging by the amount of gun sales lately, that's a lot of The American People's plan.
As they should...
That's the weird bit.
Bullish.
FORWARD!
That chart is going up...the sheeple and momos cheer!
Oh... I thought the graph show adults with fulltime jobs...
nevermind...
More likely, it shows morning show Nielsen TV ratings.
Or GBs of porn downloaded by the SEC.
do you really think those guys have a download CEILING?
They did, but it was temporarily suspended.....until the 1000^8 - Y yottabyte chip is created, so it shouldn't be suspended for too much longer.
either you're dyslexic or my laptop is upside down
If they can do that in 4 years just imagine what they can do in 8.
Plenty of room to go higher.
"Engine room. More steam." - Bernanke
Unfortunately CD we run into the 'Diminishing Marginal Productivity of Debt'
No worries, after it passes zero (already did actually) we get to enjoy economic cannabalism in order to derive sythetic yield. Fun times ahead.
Cannibalism is the operative term here for sure.
Here is to the day The Bearded Bernanke gets that hockey stick right in his poop hole.
You said a dirty word. I'm telling.
<Promise me you'll never say "The Bearded Bernanke" ever again.> :)
brO blames guns for this
"Deficits don't matter" - Dick "Ka Boom" Cheney
"If I don't get what I want, the terrorists win"
This means we're winning, right?
How much of that debt was to prop up this farce dicotomy that we call an economy?
Sadly, I think Japan are a shoe-in for the award.
erradicate the word "trillion", chop off everone's left foot, eat more kale, and force every citizen to take a course on the architecture of machu pichu.
problem solved.
don't be mockin' on kale. that stuff rocks.
IridiumRebel's Baked Kale recipe
One bag kale
olive oil
salt
...................................................
wash kale and separate stems from leafy greens and tear into small pieces
drizzle olive oil and salt
mix that shit
bake at 375 for 20-25 minutes
fucking eat
tip e.'s raw remix
same ingredients & prep
put that shit in the dehydrator for 8 hours
(to preserve the nutrients)
fucking eat
de-hy-fucking-drate!
just make sure its sea salt
table salt is nasty
A great pheasant hunter once said.."deficits don't matter".....until they do....I added that last part.
there is nothing "great" about that evil halliburton asshole.