tatonnement – if the GDP is that high, then do you know why the debt has been increasing steadily at nearly 4 billion/day for years.
looking at debt as a fraction of gdp helps put it in perspective. the national debt is currently about 50% of gdp…actually less than it was after WWII. not that this is good, but perhaps less shockingly bad than people make out.
these are some good sites that break it down w/ more info:
http://www.usdebtclock.org/
http://www.brillig.com/debt_clock/
tatonnement – if the GDP is that high, then do you know why the debt has been increasing steadily at nearly 4 billion/day for years.
looking at debt as a fraction of gdp helps put it in perspective. the national debt is currently about 50% of gdp…actually less than it was after WWII. not that this is good, but perhaps less shockingly bad than people make out.
http://krugman.blogs.nytimes.com/2009/08/23/how-big-is-9-trillion/