It's Official: US Debt-To-GDP Passes 100%

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Wed, 12/21/2011 - 19:14 | 2002794 Hansel
Hansel's picture

yeah, fucking hilarious...

Wed, 12/21/2011 - 18:03 | 2002487 TruthInSunshine
TruthInSunshine's picture

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.

Wed, 12/21/2011 - 18:14 | 2002550 fuu
fuu's picture

Und now we dance!

Wed, 12/21/2011 - 18:18 | 2002565 Long-John-Silver
Long-John-Silver's picture

Dance Debt Bitchez, DANCE!

Wed, 12/21/2011 - 21:43 | 2003131 Potemkin Villag...
Potemkin Village Idiot's picture

Fuck... There are politics in that too...

http://www.youtube.com/watch?v=eabefjsJsAQ

Wed, 12/21/2011 - 23:22 | 2003321 fuu
fuu's picture

Well played.

Wed, 12/21/2011 - 19:09 | 2002776 Calmyourself
Calmyourself's picture

Pet my monkey, love de monkey..  The debt monkey on your back bitchez..

Thu, 12/22/2011 - 00:12 | 2003413 TheFourthStooge-ing
TheFourthStooge-ing's picture

fuu knew:

Und now we dance!

"I'm as happy as a little girl."

 

Wed, 12/21/2011 - 18:38 | 2002668 JustObserving
JustObserving's picture

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.

Wed, 12/21/2011 - 18:01 | 2002492 TeMpTeK
TeMpTeK's picture

Relax.... Its only paper

Wed, 12/21/2011 - 18:17 | 2002562 Long-John-Silver
Long-John-Silver's picture

Each note has an intrinsic value of 12.44 BTU.

Wed, 12/21/2011 - 18:22 | 2002594 s2man
s2man's picture

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.

Wed, 12/21/2011 - 18:27 | 2002623 Sudden Debt
Sudden Debt's picture

I wonder what fukushima tourists will get after their tour....

Wed, 12/21/2011 - 18:54 | 2002720 tekhneek
tekhneek's picture

cancer?

Wed, 12/21/2011 - 19:13 | 2002791 tmosley
tmosley's picture

Damn, I was hoping for superpowers.

http://www.youtube.com/watch?v=Q-mgunaSQxc

Wed, 12/21/2011 - 18:02 | 2002494 willien1derland
willien1derland's picture

And because the developed world is all in the same boat, presently, we are graded on a curve....No Debt left behind Bitchez!

Wed, 12/21/2011 - 18:02 | 2002496 Jlmadyson
Jlmadyson's picture

Say it ain't so O.

Wed, 12/21/2011 - 18:04 | 2002508 Odin
Odin's picture

Time to sacrifice some virgins on high?

Wed, 12/21/2011 - 19:11 | 2002782 Calmyourself
Calmyourself's picture

Keep them away from Penn state or the sacrifice doesn't work, just sayin..

Wed, 12/21/2011 - 18:04 | 2002509 sexcellent
sexcellent's picture

ok now congress really really promises to take it seriously

Wed, 12/21/2011 - 18:06 | 2002515 willien1derland
willien1derland's picture

Somewhere John Boehner is crying, while Harry Reid calls his Bookie in Vegas...

Wed, 12/21/2011 - 18:05 | 2002512 HungrySeagull
HungrySeagull's picture

That will be one check uncle sam will not be able to write and cash.

Wed, 12/21/2011 - 18:10 | 2002523 LouisDega
LouisDega's picture

My ass is only worth $13  and my soul belongs to Jesus. Hope that helps

Wed, 12/21/2011 - 18:06 | 2002514 LouisDega
LouisDega's picture

Wow. Thats a lot of spinach.

Wed, 12/21/2011 - 18:08 | 2002522 Jena
Jena's picture

Correction, peas.

Wed, 12/21/2011 - 18:06 | 2002516 Kali
Kali's picture

Whoo Hoo! Happy New Year!

Wed, 12/21/2011 - 18:08 | 2002519 css1971
css1971's picture

If you taxed all income taxpayers at 100% of income. You still couldn't pay the US Government budget.

 

Wed, 12/21/2011 - 18:21 | 2002587 PulauHantu29
PulauHantu29's picture

How about 200%?

Wed, 12/21/2011 - 22:42 | 2003231 UP Forester
UP Forester's picture

I thought the limit was 140%.

Unless it's the City of London.

Wed, 12/21/2011 - 18:27 | 2002615 NOTW777
NOTW777's picture

and they are fighting over payroll taxes - ha

Wed, 12/21/2011 - 19:15 | 2002796 NotApplicable
NotApplicable's picture

Gotta keep SS "solvent" don't you know.

Wed, 12/21/2011 - 18:27 | 2002622 catacl1sm
catacl1sm's picture

Don't confuse debt, budget, and deficet.

Wed, 12/21/2011 - 19:09 | 2002770 css1971
css1971's picture

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.

 

Wed, 12/21/2011 - 18:08 | 2002524 max2205
max2205's picture

I never believe govt #'s

Wed, 12/21/2011 - 18:09 | 2002525 John Law Lives
John Law Lives's picture

100% FUBAR.

I wonder why S&P hasn't officially downgraded France.  Go ahead and do it and let's watch the show.

Wed, 12/21/2011 - 18:10 | 2002529 1835jackson
1835jackson's picture

TEAM AMERICA FUCK YEAH!!!!!!!!

Wed, 12/21/2011 - 19:56 | 2002905 Schmuck Raker
Schmuck Raker's picture

Oops, sorry guys, I posted this after you further up.

Wed, 12/21/2011 - 18:14 | 2002533 Rob Jones
Rob Jones's picture

Cool!

How long until we pass 200% GDP? 6 years? 8 years? 10 years?

Do we get bonus miles?

Wed, 12/21/2011 - 18:20 | 2002579 Kali
Kali's picture

Awww, don't shortchange US!  12-31-2012

Wed, 12/21/2011 - 18:15 | 2002534 grunk
grunk's picture

Drinks for everyone... Ben and Timmy are buying.

Ben and Timmy go driving

http://www.youtube.com/watch?v=TuEdU_lrtZk

 

Wed, 12/21/2011 - 18:13 | 2002537 Out9922
Out9922's picture

Celebrate good times, come on

Wed, 12/21/2011 - 18:13 | 2002540 Alcoholic Nativ...
Alcoholic Native American's picture

who cares

Wed, 12/21/2011 - 19:53 | 2002893 Schmuck Raker
Schmuck Raker's picture

An insightful summation of how we got here. Kudos!

Wed, 12/21/2011 - 18:13 | 2002541 NoClueSneaker
NoClueSneaker's picture

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 ?

Wed, 12/21/2011 - 18:15 | 2002543 HardlyZero
HardlyZero's picture

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 ?

Wed, 12/21/2011 - 18:22 | 2002591 Long-John-Silver
Long-John-Silver's picture

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.   

Wed, 12/21/2011 - 18:59 | 2002732 kito
kito's picture

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?????

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