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It's Official: US Debt-To-GDP Passes 100%
With precisely one year left for the world and all of its inhabitants, at least according to the Mayans, not to mention on the day of the Winter Solstice, it is only fitting that US debt, net of all settlements for all already completed bond auctions, is now at precisely $15,182,756,264,288.80. Why is this relevant? Because the latest annualized US GDP, according to the BEA, was $15,180,900,000.00. Which means that, as of today, total US debt to GDP is 100.012%. Congratulations America: you are now in the triple digit "debt to GDP" club!
(naturally, this is using purely "on the books" data. If one adds the NPV of all US liabilities, and adjusts GDP for such things as today's housing contraction, then the magical triple digit threshold was breached long, long ago).
And here is the breakdown for the forensically inclined ones:
I. Total debt as of December 20: $15,131,979,264,288,80 (source):
II. Net cash settlement of all completed auctions: $50,777,000,000.00 (source):
III. Total GDP: $15,180,900,000,000.00 (source):
=> Total Debt/GDP= $15,182,756,264,288.80/$15,180,900,000,000.00 = 100.012%
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Deficit when Obama took office 10.6 trillion
He's on path for a 50%+ Increase in one term!
whahooooo weeeeeeeeee, Unicorns and skittals bitchezzzz
Hear that? That is the sound of the Fiat Ponzi imploding. Grab your hard hats; time to go to work!
Do we get a plaque or etched plexiglass award for our crumbling mantlepiece now that' we're in the 100% club?
#winning
I am 100% certain we are fucked.
Tap you dick. If it's more sensitive than usual the answer is yes
And for the woman, blow your nose and if snot is comming from your puss the answer is also yes.
BEST CHRISTMAS PRESENT EVER!!
It was a lot more fun joining the mile high club.
I wonder how much attention this will get from the mainstream media
0% coverage.
Re: "Deficit when Obama took office 10.6 trillion
He's on path for a 50%+ Increase in one term!"
...By design.
Time to party like it's 2012!
How do you say Happy New Year in Mayan?
Did you know that 1375 people died due to acts of terrorism in 2010? Support the progrEssivE rEvolution and end terrorism with global surveillance networks. What's your excuse?
Hey MDB
Did ya hear that some terrorists burned down the Reichstag ?
Good thing Germany allowed the Nazis to take over after that happened. They did a bang up job!
"Surveillance Networks" - Fuck Yeah!
1375 people were killed by canned food in 2010?
The War on Terror has cost $1,283 billion and has left between 227,000 and 300,000 dead. About 51% of these deaths are civilian casualties.
http://owni.eu/2011/05/05/the-war-on-terror-in-numbers/
Are you talking about world government's contribution? Or, the fake, invented threat used to keeps us all scared shitless and hand over our civil liberties? Nevermind
Civil liberties = priceless
Does that include actions of the IDF?
USA USA USA!!!! C'mon, every body! USA USA USA!!!!!!
USA USA USA USA... put on you cut off jean shorts and cowboy hat and let some of those .45 rounds go off in a early 4th of July celebration; PBRs all around yo... debt surpasses GDP... and they said we couldn't do it...
We [America, the country of] would like thank Benny B and the bailouts and China for all their cheap labor as well as all the private military contracors who made this possible,
~A good thing just got better,
signed,
USA
“America is the only country that went from barbarism to decadence without civilization in between.” Oscar Wilde
I would like to thank the academy of 300 for giving me ths gift. I would like to thank the taxpayer for making all of this possible. And most importantly, I would like to thank the establishment for brain washing everyone into believing that we could issue dent/money with no backing on the faith and credit of the system. Thank you very much!
-Ben S. Bernanke's acceptance speech, 2012, Jackass Awards
Greece, Italy, Japan...watch out. We've got our eyes on the spots you have. We'll keep on spending til it hurts just so we can outgun your records of debt to GDP...
we're number one again!!! in debt... keep spending... shop till' you drop
no we are not. the limeys are way ahead of us as are the PIIGS. we got a lot of borrowing to do!
Blame the Baby-Boomers for all the ongoing disgraces of this country, that's why they are considered America's failed generation. These good-for-nothing invested their deprived intellect in experimenting with all types of drugs and having very promiscuous (and many times deviant/unnatural) sexual lives.
In fact, the following video taken at Woodstock in 1969 clearly depicts what Baby-Boomers were all about:
www.youtube.com/watch?v=dLDalZ4-53g
Consequently, their offspring are the best evidence that defect genes have been transmitted from one generation to the next; worst of all, the chances that their descendants' DNA carrying a more complex sequence of these defective genes are 100% guarantee -these new generation of Americans can fairly be described as subhumans.
Not so much.....not buying it. That is like saying that because people are very sexual at a college age they are deviant for the rest of their lives. It is called living. If I was a baby boomer in the 1960s, I would have done the same. They have had interesting lives, and that is what it is all about.
The problem is the central planning, the kleptocracy in all of the Western socities, failed multiculturalism, fake money, lots of problems, but too much sex is not one of them.
shit...i wish i had lived thru the 60s...i had the misfortune of spending my most "potent" years in the 80s!
At least our big hair in the 80's was clean, and not on our faces.... or under our armpits. That's about all I remember.
I loved coming up in the 80's. I was in college in the early 80's and got more ass than a toilet seat, as I'm sure pretty much everyone did. The 60's might have been a little more trippy, but the 80's were just fine by me. Some great music, too, though maybe not as good as the 70's if you take the decade as a whole.
NOTHING beat the 70's music.
I'm deviant but that's despite all the sex in 13th grade
yeah and all blacks can jump...
and all mexicans are lazy..
and all politicians are corrupt....alright i'll give you that one..
so i am sure with the wisdom you have displayed you are 19...close?
Mexicans lazy? I think that's supposed to be the blacks too. High jumping, fast running but lazy.
All Mexicans work like ants but none of them can hold their liquor.
And don't get me started on those fucking Irish!
and wanton spendthrifts!
More copy-and-paste boilerplate from wanklord. It's been a while since he's used this particular screed..
Replies to him are a waste of time, as he never reads them. I don't think he reads more than the titles of the articles on which he is supposedly commenting.
Wow. You wrote almost verbatim my thoughts after reading wanklord's little derailing attempt.
A quick google search will reveal wanklord's pattern of copy-and-paste missives. Although he makes occasional minor changes, certain recycled phrases are easy to spot.
An amusing example is a google search for "deprived intellect in experimenting" (with the quotes in order to search for the exact phrase). Give it a try.
Heh - you can learn a lot from a Stooge ;-)
Wanklord plan to run for office on the Neugenics platform. It's Neu!
OK, whats wrong with unnatural sex?
Veterans returning from Afghanistan are pawning their purple hearts.
Eat yer peas.
The economy is G-R-E-A-T!
Green shoots & Purple Hearts, bitchez.
Soldier Pawns Purple Heart for Christmas Cash
Congratulations America: you are now in the triple digit "debt to GDP" club!
The first rule of the triple digit debt to gdp club is never talk about the triple digit debt to gdp club.
"Debt?"
"GDP?"
"Ratio?"
"What?"
"When is X Factor on again?"
I did a search and only came up with blogs and forum posts.
The dick tapping or the national debt?
One and the same.
I am a 100.012% sure.
I used to work for MF global AND I'M 600% SURE!!!!
Nah dude, if you really worked for MF, you'd be "x to the nth degree" sure.
To comment on the article... Team America, FUCK YEAH!
I am also convinced of the collapse but with the extra legal bullshit planned or condoned and abetted by every level of .gov this could take years of very painful processes to play out. Lets hope we get a real reset of some sort with a jubilee / banker payback party....
Or it means that BLS will shortly release a revised revision to GDP showing 99% ratio!!!
Latest from Ann Barnhardt on a financial boycott.
http://goldandsilverlinings.com/?p=1793
Dang, she's pretty tough. Called them rat bastards and wants to shut it all down.
I can't argue with that. It needs to be rebooted.
rats are caring animals compared to them pig-vomit-puss-scumbag- shit-fuckers.
That's a quote from Timmay at the ``OMG DEBT EXPLOSION CONGRESSIONAL HEARINGS OF 2014`` right? Like his buddy I-don't-know-where-the-money-is-wink-wink Corzine?
That's what I was thinking. 100% = A+ credit rating right?
Did my head hit something ?
A propos of a banana republic, which we unquestionably now have become, the National Anthem is in want of replacement with, in turn, a like, a propos standard:
Work all night on a drink a' rum
Daylight come and me wan' go home
Stack banana till the mornin' come
Daylight come and me wan' go home
[ Under penalty of prosecution under the NDAA ], please rise for our national anthem...a moving ballad, echoing our time-worn American values of borrow and spend...the Banana Boat Song.
Oh for fuck sake this is getting depressing;
Time for a game changer - Nibiru won't you purge this steaming pile of ................
Fuck it; Blow Me FEMA
http://www.youtube.com/watch?v=MjMCaw4qzjg
eat you f'in peas America
Hows dem peas tast mother fukua
Obama...a damn overachiever!
2008: YES WE CAN!
2012: YES WE DID IT!
2016: BOW HUMBLE SLAVES! OFF TO THE FEMA'S WITH THE REBELS!
Rebel? Oh, fuck no! I say, LET IT BURN! Dig a slit trench set up a KZ, and let it burn. Why would you fight for a kingdom of shit?
I'll take a 20 t handle by April Fool's Day, odds 7-1
Yeah... Nice.... I still remember when we passed 100% here in europe a few years ago....
Good times... Best of times... But that's in the past now...
Just give a trillion dollars of electron dollars to each bank and be done with the fuckers whining.
So what. The next debt ceiling is at 16.7 trillion. Enough to last till February 2013.
Only in a linear world. I'll be surprised it it lasts until next summer.
Well unless they start WW3 or bailout a big bank or do another stimulus, it will last.
Fitch just threatened USA with a downgrade of its AAA rating. But that downgrade may be 2 years away. Lesser countires like Hungary get 2 weeks warning.
Eurozone crisis: Fitch threatens to cut America's AAA rating• High and rising US debt 'incompatible' with triple-A rating.
http://www.guardian.co.uk/business/2011/dec/21/eurozone-crisis-ecb-loans1
He managed to spend 5 000 000 000 000 of extra money and the voters still hate him. Can you fail harder?
Wouldn't have looked as bad if they had left the 80 cents off.
the debt from that one term happens to be the total national debt accrued from George Washington through Slick Willy Clinton.
"100%" happened some time ago. There's trillions of additional debt held "off the books" at the mortgage agencies, and the GDP figure is a joke.
+ 5 trillion.
Unpossible! He said he was gonna cut it in half. He would never lie to us.
(PS. Deficit/=Debt)
This article is misleading. $4.7 trillion is intragovernmental debt, which should be eliminated when consolidated. This is just debt that the government owes to itself - so no real debt at all. It sits as a liability at one department and as an asset in another department.
"just debt that goverment owes to itself" - priceless!
He obviously works for a TBTF.
Because everyone knows the Social Security Trust Fund was actually supposed to be called the Fund to Promote Sociopathic Behavior by the State via Warfare and Banking.
But those "assets" are non negotiable bonds which have to be paid by new issuance, at least the assets of the SSA:
http://www.dispatch.com/content/stories/local/2010/03/14/social-check.html
So those assets may only be paid out by new issuance of debt. So that debt (well, 2.5+trillion anyways) is valid.
pods
the debt from that one term happens to equal the total national debt accrued from George Washington through Slick Willy Clinton.
Also, US GDP is waaay overstated. 70% of the US economy is service sector which is counted in GDP. A lot of products are shipped to the US and put together in the US and they're counted in GDP. The US borrows a load of money and spends it which is counted in GDP. The main export of the US is the USD.
TheSilverJournal.com
SO.......... You caused the problem and he tried to save you, as if you were worth it. Idiot!
Just to be the Devil's advocate...he won't beat Reagan. No difference between the parties. Wake up and realize the 2 party system is the same party. The political/bankster class. Stop with the Dem vs GOP...there is no difference...both spend out of control.
If we subtract the GDB bump that might have happened due to NAR overstating their data, we passed the triple-digit number some time back...
Well, what's to stop them from revising this again....eh?
Can't help but think of a song right now.
http://youtu.be/bNlNZ2T9EeY
congrats, everyone. usa! usa!
This deserves some sort of celebration.
Perhaps burning a central banker alive in the town square?
Somehow, this seems more appropriate.
It is winter solstace..I believe it would be heathenistically appropriate.
Now, where did I leave that giant Wicker Man....
i guess for all this debt you guys get free healthcare, great pensions, roads and infrastructure?
No, for all that money you get banker bonuses and the cream of the younger generation getting their faces blown off to 'civilise' the biggest shitholes in the world.
That sucks the sweat off a dead mans balls.
Funny how criminal cartels operate.
yeah, fucking hilarious...
Der Sprockets, a widely read German Paper (similar to The Telegraph or Canada's Globe & Mail in terms of shitty content), has said that pointing out that the U.S. has a 100% debt-to-GDP ratio is fear mongering and a terrible thing to do.
***U.S. Debt is really 11 to 16 times higher than officially acknowledged [60 to 200 trillion USD] according to David M. Walker (former Comptroller General of the United States) or Laurence Kotlikoff.
Und now we dance!
Dance Debt Bitchez, DANCE!
Fuck... There are politics in that too...
http://www.youtube.com/watch?v=eabefjsJsAQ
Well played.
Pet my monkey, love de monkey.. The debt monkey on your back bitchez..
http://vodpod.com/watch/1885031-superman-dance-psychoville-bbc-two
fuu knew:
"I'm as happy as a little girl."
While people are focused on US debt to GDP ratio, many people buy the BEA number of US GDP of $15.18 trillion. Others like Dagong, the Chinese rating agency, estimate US GDP as $6 trillion. So US debt to GDP ratio may be as high as 30 while we officially mark the ratio crossing 1. There are lies, statistics and BEA statistics.
Relax.... Its only paper
Each note has an intrinsic value of 12.44 BTU.
Don't burn it, its toxic! Thats according to the Fed. The epa got "pissy" and made them stop burning it. That's why the give those little bags of shredded FRNs to visitors.
I wonder what fukushima tourists will get after their tour....
cancer?
Damn, I was hoping for superpowers.
http://www.youtube.com/watch?v=Q-mgunaSQxc
http://superuseless.blogspot.com/2009/01/blog-post.html
And because the developed world is all in the same boat, presently, we are graded on a curve....No Debt left behind Bitchez!
Say it ain't so O.
Time to sacrifice some virgins on high?
Keep them away from Penn state or the sacrifice doesn't work, just sayin..
ok now congress really really promises to take it seriously
Somewhere John Boehner is crying, while Harry Reid calls his Bookie in Vegas...
That will be one check uncle sam will not be able to write and cash.
My ass is only worth $13 and my soul belongs to Jesus. Hope that helps
Wow. Thats a lot of spinach.
Correction, peas.
Whoo Hoo! Happy New Year!
If you taxed all income taxpayers at 100% of income. You still couldn't pay the US Government budget.
How about 200%?
I thought the limit was 140%.
Unless it's the City of London.
and they are fighting over payroll taxes - ha
Gotta keep SS "solvent" don't you know.
Don't confuse debt, budget, and deficet.
I know exacty what they are.
The point is, taxes are now almost irrelevant. They can tax all they want, literally take everything you earn. It doesn't make a blind bit of difference. The budget is still too large.
I never believe govt #'s
100% FUBAR.
I wonder why S&P hasn't officially downgraded France. Go ahead and do it and let's watch the show.
TEAM AMERICA FUCK YEAH!!!!!!!!
http://www.youtube.com/watch?v=sWS-FoXbjVI
Oops, sorry guys, I posted this after you further up.
Cool!
How long until we pass 200% GDP? 6 years? 8 years? 10 years?
Do we get bonus miles?
Awww, don't shortchange US! 12-31-2012
Drinks for everyone... Ben and Timmy are buying.
Ben and Timmy go driving
http://www.youtube.com/watch?v=TuEdU_lrtZk
Celebrate good times, come on
who cares
An insightful summation of how we got here. Kudos!
Xmass lynch party on lower Manhattan ? ( Plz. invite Jon Kerosine - no thug left behind ).
NJ citizens owe to be the game changers :-P
Or do they have something to loose ?
Does this new event horizon accelerate the Apocalypse Clock to a few days before midnight Dec. 21, 2012 ?
What is the real countdown clock setting ?
Dec. 21, 2012 is the beginning of the new calender. The Apocalypse leads up to that date. We all get a new start Dec. 22, 2012.
i just dont get this mayan end of the world thing. as i understand it, their long calendar ends on december 21, 2012, but its not as if they didnt have a new calendar to follow, which they do. so if its the end of the world, why bother continuing with a new calendar?
oh, and why tylers posting discrepancy with http://usdebtclock.org/ which has debt at 100.4?????