Ironic "Scariest Chart Ever" Redux - America Will Surpass 100% Debt To GDP On Halloween

Tyler Durden's picture

Earlier today we presented Bloomberg's Chart of the Day which represented the GDP and Debt per capita on a historical and projected basis, and we hysterically, and tongue-in-cheekly, dubbed it "the scariest chart ever" because it confirmed that at some point, very soon, US Debt will surpass GDP and never look back. We decided to dig into the actual numbers (cancelling out the per capital denominator as it is the same on both sides of the equation) and came to a very disturbing revelation: as of today, total US Debt, is $14.942 trillion (source), obviously an all time high. Q2 GDP as was reported by the BEA three weeks ago, was $15.012 trillion in current dollars. In other words, the spread between total GDP and total debt has now collapsed to an all time low $70 billion. Incidentally, this number was $1.8 trillion at the beginning of 2010. Then we decided to take a quick look at the upcoming bond issuance and find that tomorrow the Treasury will announce approximately $99 billion in 2, 5 and 7 Year bonds to be auctioned off October 25 through 27... With a very appropriate settlement date: October 31, elsewhere known as Halloween. Yes, ladies and gentlemen: All Hallows E'en will be doubly scary this year: for the first time since World War II, US debt will officially surpass GDP on Halloween 2011.

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Jeff Lebowski's picture

Also, my rug was stolen.

Western's picture

Iran is to blame. Let's get em boys.

Pladizow's picture

Even more scary is that Halloween is the day world population is forecasted to hit 7 Billion!

Malthusian Bitches!

nope-1004's picture

Isnt' the red line the debt ceiling line?

You have it labeled incorrect.


mtomato2's picture


Mikla has been here 1'50"

I've been here 1'51"

I want the picture-publishing-switch turned on for me, too!

redpill's picture

Ironically, US Manufacturing employment is currently lower than it was in WW2, in fact the lowest since 1940 (not even adjusted for population growth!!!).



flacon's picture


Henry Chinaski's picture

Scariest chart ever of the hour.

Harlequin001's picture

Scariest chart ever of the hour... in America.

Shocker's picture

That Chart looks much better now that you spiced it up for Halloween.

DeadFred's picture

Parity Party in costume!!

BoxCar's picture

Blue line appears to be the Debt Ceiling as its raised in increments

Red Line happens to BE the Debt we've incurred, so you're right

somethings screwey with the chart- it doens't even show the GDP

BoxCar's picture

Its worse- the Debt passed GDP this time LAST YEAR (Oct 2010)

SilverIsKing's picture

Free candy corns for everyone?

Bay of Pigs's picture

An episode of The Walking Dead?

LongBallsShortBrains's picture

Corn holing for taxpayers.....

Ah hell ..... Corn holing for all!
Sweet like candy corn!

buyingsterling's picture

your avatar = proof free speech still exists. Always makes me laugh.

nmewn's picture

More stolen laptops & iphones.

krispkritter's picture

Liberal cousin just posted a pic showing Tea Party protesters carrying guns at a rally on one side, OWS protesters being hauled off by the cops on the other.  Her Lib friends were all bemoaning the fact that the TP had no common sense for carrying guns in public and that the OWS were being brutalized by the police for no reason. Frankly, I think the reason the OWS protesters were being beaten down by the cops was they had no common sense and they brought ipads and not guns...given that they staged this in NYC, oh well...

tyler's picture

Calling people lib and shit doesn't fly with me.  I spent many years as a brainwashed neo-con and used to say the same shit.  I'd try to play the victim even though in this case the peaceful protesters being pepper sprayed, body slammed and arrested on made up charges are the real victims.  I don't think like that anymore and live a way happier life.  You should save your family stories or complaints for facebook, if your dumb enough to have an account, that's what it's there for.  

krispkritter's picture

One, what do you call someone who calls themselves a Liberal? I didn't say Lib-tard, Lefty, etc. Maybe I was being glib but they are in fact, liberal-minded. Two, if you used to do it then you're still being a hypocrite now. So you're 'Born Again'?. Three, whether I comment on material from ZH, Huffpo, CNN, or FB is pretty irrelevant considering the breadth of sites that are commented from on ZH everyday. Four, so you're an anti-social, anti-neo-con, anti-labeling, what? Who hangs out on a site with 10's or 100's of 1000's of users who post opinions, rants, and anecdotes and your problem with FB is what? Oh yeah, pure genius. Each site serves it's own function. And who says I give a shit what fly's with you?

seventree's picture

That's all they need, is for one firearm to turn up at OWS and turn the whole place into a SWAT free-fire zone.

krispkritter's picture

Lookup 1. Restraint  2. Deterrent  Yeah, because the 2nd Amendment was all about creating gun sales.../s "That's all they need"  Yeah, maybe. Some here see the larger scenario playing out without violence, others with violence. Do we need more violence? No. But what's to stop the 'Wall Street Rent-a-Cops' from busting heads now? Cameras? iPads? Nope... "What country before ever existed a century & half without a rebellion? And what country can preserve it's liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms." TJ "... Laws that forbid the carrying of arms . . . disarm only those who are neither inclined nor determined to commit crimes . . .for an unarmed man may be attacked with greater confidence than an armed man." CB

nmewn's picture

"Liberal cousin just posted a pic showing Tea Party protesters carrying guns at a rally on one side, OWS protesters being hauled off by the cops on the other." 

"Progressives" tend to try and bend time & space to suit their own purposes. Even the vacuum of space has nothing on the deafening silence when it comes to investigating Fast & Furious gun running to Mexican ciminal cartels.

And I really don't remember the Tea Party blocking bridges that ambulances use to transport the sick & injured or simply to go to work. I can't recall them shitting into street gutters next to cop cars

krispkritter's picture

Do Skittles come in Kandy Korn? Or are they breeding a whole new lineup of Kandy Korn shittin' Unicorns for Halloween?

Agent P's picture

Quite a few Guy Fawkes masks I'm guessing.

Raphio's picture

...and zombie bankers

JR's picture

Oregonian OWS cartoon:

Big happy, wealthy lobbyist in black suit and striped tie standing in front of Capitol Building, reporting back on cell phone in midst of a very large crowd of wealthy black suits and ties with toothy smiles carrying LOBBYIST brief cases and Congressional lobbyist calling cards:


Yen Cross's picture

 I read that "Reply"  , last night J.R> I also read the rebuttal. I was impressed. You both did well.


     J.R.  You have been a good teacher.


              Please tell me you aren't trading that pathetic   Swiss franc/ aussie idea?      You know  Seans trade....

jaffa's picture

The debt is an obligation owed by one party to a second party, the creditor, usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. Thanks.
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jaffa's picture

Halloween costumes are traditionally modeled after supernatural figures such as monsters, ghosts, skeletons, witches, and devils. Over time, the costume selection extended to include popular characters from fiction, celebrities. Thanks.
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dlmaniac's picture

Enlist every occupier and unemployed to invade Iran might be just what it takes to boost this economy back to boom. Let's call it Operation Krugman.

whatsinaname's picture

And does the 100% include the off-balance sheet liabilities related to Fannie & Freddie ?

And will Iran be renamed Krugmanistan ?

wisefool's picture

I thought Krugman wanted to beat back some aliens and take their stuff? Starship Troopers "neo-keynsian" style.

Planet Krugman! He is just the hero we need to defeat the "brain" bug. And vindicate this years' nobel econ PhDs. I read their acceptance statements, para: "Hey, were are trying, but we are going to right just about as much as we are wrong". Translation: "the printing press makes money when it is turned on, it does not make money when it is turned off. I has PhD!"

cynicalskeptic's picture

Except Iran can fight back.  A few of their current gen cruise missles (care of the russians and Chinese) will cause a world of hurt on US carriers in the Gulf.

Iran is not a war you want to start.   Of course we're ignoring the political fallout ion the Islamic world and the blow-up of the world's oil markets... not to mention China's reaction.

UP Forester's picture

And let us also not forget all the former-Soviet bioweapon engineers that were starving in the 'Stans until Iran gave them all the food, pay, housing and play toys they could take....

Bioweapons are a hell of a lot cheaper pound for pound than nukes, and a whole helluva lot deadlier and easier to transport....

CPL's picture

This old hymn....sigh...


You are worried about Iran?  Now?  Seriously?

Louie the Dog's picture

Iran is not a war you want to start. 

Better to play a game of M.A.D. with them 10 years from now.  We can trust them.  

Harlequin001's picture

'A few of their current gen cruise missles (care of the russians and Chinese) will cause a world of hurt on US carriers in the Gulf.' - You can't afford them anyway.

You can either scrap 'em, sink 'em or sell them to the next guy who's going to invade you.

But you can't keep 'em, you're broke...

Ponzi Unit's picture

Don't see the sarc, so FUCK YOU dlmaniac.

Hard1's picture

0% Trick for the savers, treat for debtors