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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (121099)	1/4/2012 4:34:43 AM
From: tonto	3 Recommendations Read Replies (1) \| Respond to of 224693

Kenneth, you may have forgotten who voted for the Iraq resolution.

To: Kenneth E. Phillipps who wrote (121099)	1/4/2012 7:27:55 AM
From: FJB	4 Recommendations Read Replies (1) \| Respond to of 224693

US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP Submitted by Tyler Durden on 01/03/2012 16:49 -0500 While not news to Zero Hedge readers who knew about the final debt settlement of US debt about 10 days ahead of schedule, it is now official: according to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09. And, as was observed here first in all of the press, US debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the US government decided to delay exposing until the very end of the calendar year. We wonder, rhetorically, just how prominent of a talking point this historic event will be in any upcoming GOP primary debates. And yes, technically this number is greater than the debt ceiling but it excludes various accounting gimmicks. When accounting for those, the US has a debt ceiling buffer of... $ 14 billion, or one third the size of a typical bond auction.