From Harvard prof Niall Ferguson's Complete And Definitive Guide To The Sovereign Debt Crisis
source: Ferguson at 2
Ferguson's source is the IMF, whose latest report (see page 86), predicts net U.S. debt rising from 42.3 percent of GDP in 2007 to 66.2 percent of GDP this year and 81.8 percent of GDP by 2014.
Thus, we're not as awful as Japan or Italy -- though worse than the U.K. (see page 29) -- but otherwise, the U.S. debt picture is about as bad as the Euro area as a whole. Which, as MaxedOutMama details, is pretty bad. So, will Obama continue to ape the EU?
(via Business Insider)