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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 380.20

+1.6%

Nov 24 4:00 PM EST

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To: dvdw© who wrote (75265)	6/15/2011 3:23:35 PM
From: elmatador	1 Recommendation Read Replies (1) of 218008

It was not only the nr. of US citizens that changed since 1970. In 1980, the U.S. public debt was $909 billion - or an amount equal to 33.3% of America's gross domestic product (GDP). By 1990, that number had more than tripled to $3.2 trillion - or 55.9% of GDP.[48] In 2001 the national debt was $5.7 trillion; however, the debt-to-GDP ratio remained at 1990 levels.[49] Debt levels rose quickly in the following decade, and on January 28, 2010, the US debt ceiling was raised to $14.3 trillion dollars.[50] Based on the 2010 U.S. budget, total national debt will grow to nearly 100% of GDP, versus a level of approximately 80% in early 2009.[51] The White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019,[52] up from $202 billion in 2009.[53] en.wikipedia.org

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