Published on Zero Hedge (http://www.zerohedge.com)

Home > As US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits Post WWII High Of 101.5%

As US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits Post WWII High Of 101.5%

By Tyler Durden
Created 07/02/2012 - 15:28
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/02/2012 15:28 -0500



 

Last week's bond auctions have finally settled and the numbers are in. As of the last day of June, the US had a record $15,856,367,214,324.44 [3] in debt, a $75 billion increase overnight [4], and a post World-War II high Federal debt/GDP ratio of 101.5%.* That is all.

[5]

[6]

* Assuming GDP in Q2 grew at a 1% sequential rate, which in light of the global economic contraction, is quite generous.

 

- advertisements -

Source URL: http://www.zerohedge.com/news/us-closes-june-1585636721432444-federal-debt-us-debtgdp-hits-post-wwii-high-1015

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10414
[3] http://www.treasurydirect.gov/NP/BPDLogin?application=np
[4] https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=12062900.pdf
[5] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/total%20debt%207.2.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/US%20Debt%20GDP%20July.jpg