tag:blogger.com,1999:blog-6427940.post8266064032016398388..comments2023-12-05T07:50:19.855-05:00Comments on No Oil for Pacifists: Chart of the Day@nooil4pacifistshttp://www.blogger.com/profile/16688417615117569825noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6427940.post-50497389043717957432011-01-29T21:11:20.759-05:002011-01-29T21:11:20.759-05:00For what it's worth, according to the BEA'...For what it's worth, according to the BEA's Q4 2010 GDP release, as of December 31st debt held by the public was 9.39 trillion/GDP 14.87 trillion, for a debt held by the public ratio of 63%. <br /><br />And we'll rack up at least 2.8 trillion more over the next TWO years. <br /><br />So let's assume that GDP increases by 10% over the two years (which is not even remotely possible). At the beginning of 2013 debt held by the public will be at least 12.2 trillion, and GDP will be less than 16.3 trillion, for public debt/GDP ratio over 75%. <br /><br />People are sleepwalking into disaster.MaxedOutMamahttps://www.blogger.com/profile/08011469804162511617noreply@blogger.com