US Ends 2012 With 103.8% Debt To GDP

Tyler Durden's picture




 

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."

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Wed, 01/30/2013 - 10:40 | 3198607 SilverTree
SilverTree's picture

As silver and gold Pop.

Wed, 01/30/2013 - 10:42 | 3198611 Say What Again
Say What Again's picture

Absolutely BULLISH

Wed, 01/30/2013 - 11:14 | 3198785 sotto
sotto's picture

Oh yeah, it couldn't get any better.  See here:  http://economiccollapsenews.com/2013/01/30/u-s-still-headed-toward-econo...

Wed, 01/30/2013 - 11:27 | 3198838 trav777
trav777's picture

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."

Wed, 01/30/2013 - 12:15 | 3199055 economics9698
economics9698's picture

126% by 2016, but we have a Black Swan event coming soon.

Wed, 01/30/2013 - 12:19 | 3199060 The Juggernaut
The Juggernaut's picture

...and Krugman wants MORE gov't/Fed (centralized) spending?  What the fuck is wrong with this meglomaniac?

Wed, 01/30/2013 - 14:32 | 3199504 SamAdams
SamAdams's picture

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....

Wed, 01/30/2013 - 11:19 | 3198812 Sudden Debt
Sudden Debt's picture

Yep, because every ending is actually also some kind of new begining!

Wed, 01/30/2013 - 11:38 | 3198883 Groundhog Day
Groundhog Day's picture

MONEY = DEBT, DEBT = MONEY, THEREFORE GROWTH IN DEBT SHOULD EQUATE TO GROWTH IN GDP. GROWTH ALL AROUND, ALL IS WELL.

KRUGMAN

Wed, 01/30/2013 - 11:53 | 3198966 Freddie
Freddie's picture

Hope & Change.  Amerika's stock market reacting like Zimbabwe's did. Oba-MAO is our Mugabe II.

Wed, 01/30/2013 - 10:46 | 3198647 aint no fortuna...
aint no fortunate son's picture

aaaaand cue - equities rally, led of course by AMZN

Wed, 01/30/2013 - 10:55 | 3198697 Say What Again
Say What Again's picture

DOW over 14,000 today.

Then talk about DOW going to 15,000

Wed, 01/30/2013 - 11:10 | 3198763 IridiumRebel
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'

Wed, 01/30/2013 - 11:10 | 3198764 IridiumRebel
IridiumRebel's picture

then a million! 

fuck yeah

Wed, 01/30/2013 - 11:31 | 3198854 Chupacabra-322
Chupacabra-322's picture

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. 

Wed, 01/30/2013 - 11:33 | 3198866 IridiumRebel
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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

Wed, 01/30/2013 - 14:36 | 3199518 SamAdams
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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.

Wed, 01/30/2013 - 11:58 | 3198983 unrulian
unrulian's picture

When they've taken the guns of course

Wed, 01/30/2013 - 12:56 | 3199189 Chupacabra-322
Chupacabra-322's picture

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. 

Wed, 01/30/2013 - 10:48 | 3198649 youngman
youngman's picture

As they should...

Wed, 01/30/2013 - 11:46 | 3198932 Stuntgirl
Stuntgirl's picture

That's the weird bit.

Wed, 01/30/2013 - 10:40 | 3198608 Lohn Jocke
Lohn Jocke's picture

Bullish.

Wed, 01/30/2013 - 10:41 | 3198609 krispkritter
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FORWARD!

Wed, 01/30/2013 - 10:42 | 3198621 Temporalist
Temporalist's picture

That chart is going up...the sheeple and momos cheer!

Wed, 01/30/2013 - 10:42 | 3198623 Sudden Debt
Sudden Debt's picture

Oh... I thought the graph show adults with fulltime jobs...

nevermind...

Wed, 01/30/2013 - 10:46 | 3198641 EscapeKey
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More likely, it shows morning show Nielsen TV ratings.

Wed, 01/30/2013 - 10:54 | 3198685 CrimsonAvenger
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Or GBs of porn downloaded by the SEC.

Wed, 01/30/2013 - 10:58 | 3198707 Sudden Debt
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do you really think those guys have a download CEILING?

Wed, 01/30/2013 - 11:24 | 3198828 Dr. Richard Head
Dr. Richard Head's picture

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.

Wed, 01/30/2013 - 11:28 | 3198844 trav777
trav777's picture

either you're dyslexic or my laptop is upside down

Wed, 01/30/2013 - 10:56 | 3198694 Cognitive Dissonance
Cognitive Dissonance's picture

If they can do that in 4 years just imagine what they can do in 8.

Wed, 01/30/2013 - 10:43 | 3198625 Cognitive Dissonance
Cognitive Dissonance's picture

Plenty of room to go higher.

"Engine room. More steam." - Bernanke

Wed, 01/30/2013 - 11:00 | 3198721 Deacon Frost
Deacon Frost's picture

Unfortunately CD we run into the 'Diminishing Marginal Productivity of Debt'

Wed, 01/30/2013 - 11:27 | 3198842 centerline
centerline's picture

No worries, after it passes zero (already did actually) we get to enjoy economic cannabalism in order to derive sythetic yield.  Fun times ahead.

Wed, 01/30/2013 - 11:50 | 3198952 Deacon Frost
Deacon Frost's picture

Cannibalism is the operative term here for sure.

Wed, 01/30/2013 - 11:06 | 3198743 Dr. Richard Head
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Here is to the day The Bearded Bernanke gets that hockey stick right in his poop hole.

Wed, 01/30/2013 - 11:15 | 3198796 Cognitive Dissonance
Cognitive Dissonance's picture

You said a dirty word. I'm telling. 

<Promise me you'll never say "The Bearded Bernanke" ever again.>  :)

Wed, 01/30/2013 - 10:44 | 3198633 otto skorzeny
otto skorzeny's picture

brO blames guns for this

Wed, 01/30/2013 - 10:45 | 3198634 Osmium
Osmium's picture

"Deficits don't matter" - Dick "Ka Boom" Cheney 

Wed, 01/30/2013 - 11:03 | 3198731 toady
toady's picture

"If I don't get what I want, the terrorists win"

Wed, 01/30/2013 - 10:45 | 3198635 firstdivision
firstdivision's picture

This means we're winning, right?

 

How much of that debt was to prop up this farce dicotomy that we call an economy?

Wed, 01/30/2013 - 10:47 | 3198651 EscapeKey
EscapeKey's picture

Sadly, I think Japan are a shoe-in for the award.

Wed, 01/30/2013 - 10:46 | 3198640 nantucket
nantucket's picture

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.

Wed, 01/30/2013 - 11:00 | 3198714 secret_sam
secret_sam's picture

don't be mockin' on kale.  that stuff rocks.

Wed, 01/30/2013 - 11:08 | 3198748 IridiumRebel
IridiumRebel's picture

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

Wed, 01/30/2013 - 11:44 | 3198930 tip e. canoe
tip e. canoe's picture

tip e.'s raw remix

same ingredients & prep

put that shit in the dehydrator for 8 hours

(to preserve the nutrients)

fucking eat

Wed, 01/30/2013 - 11:46 | 3198933 IridiumRebel
IridiumRebel's picture

de-hy-fucking-drate!

Wed, 01/30/2013 - 11:47 | 3198938 tip e. canoe
tip e. canoe's picture

just make sure its sea salt

table salt is nasty

Wed, 01/30/2013 - 10:47 | 3198648 Dr. Engali
Dr. Engali's picture

A great pheasant hunter once said.."deficits don't matter".....until they do....I added that last part.

Wed, 01/30/2013 - 10:48 | 3198656 otto skorzeny
otto skorzeny's picture

there is nothing "great" about that evil halliburton asshole.

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