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Author Topic: Federal Debt Equals 103 Percent of GDP  (Read 1764 times)

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Offline Chris_

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Federal Debt Equals 103 Percent of GDP
« on: September 12, 2012, 10:50:48 AM »


According to the most recent official estimate by the federal Bureau of Economic Analysis, the Gross Domestic Product for 2012 will be $15.6061 trillion--or about $440.5 billion less than the $16.0466 in debt that the federal government had accumulated as of the close of business on Monday.

The BEA, which is part of the Department of Commerce and which officially calculates GDP, based its current estimate of this year's GDP, published on Aug. 29, on economic data available through the end of the second quarter of this calender year.

CNS News


Congratulations, Barry.  You finally accomplished something with your Presidency.
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Offline obumazombie

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #1 on: September 12, 2012, 10:59:46 AM »
Some become famous, others, infamous.
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Offline DefiantSix

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #2 on: September 12, 2012, 11:27:14 AM »
Quote from: obumazombie on September 12, 2012, 10:59:46 AM
Some become famous, others, infamous.

If there is any justice in this world, Dear Leader should be INDICTED. He can join the other living convicted felon president, Bill Clinton, after his term in federal pound-me-in-the-ass prison.
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Offline obumazombie

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #3 on: September 12, 2012, 11:27:53 AM »
Quote from: Linda on September 12, 2012, 11:26:05 AM
Maybe all those security briefings he skipped could have prevented this?
He got those, but on the golf course. Being primitive conditions for multimedia, the full impact of the multimedia presentation was lost in the translation.
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Offline Kyle Ricky

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #4 on: September 12, 2012, 02:43:04 PM »
If obama gets reelected; it will show just how stupid people in this country are. God help us....
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Offline DefiantSix

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #5 on: September 12, 2012, 03:25:42 PM »
Quote from: Kyle Ricky on September 12, 2012, 02:43:04 PM
If obama gets reelected; it will show just how stupid people in this country are. God help us....

If Obama gets re-elected, the remaining lifespan of America as we once knew it could be measured on an egg timer.
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"Stand your ground. Don't fire unless fired upon, but if they mean to have a war, let it begin here."
-- Capt. John Parker
"I'm not looking for forgiveness, and I'm way past asking permission"
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-- Ronaldus Magnus

Offline Mr Mannn

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #6 on: September 12, 2012, 03:48:30 PM »
Quote from: DefiantSix on September 12, 2012, 03:25:42 PM
If Obama gets re-elected, the remaining lifespan of America as we once knew it could be measured on an egg timer.
Rush Limbaugh give us 18 months before an economic collapse of O is elected.
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Offline DefiantSix

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #7 on: September 12, 2012, 04:14:28 PM »
Quote from: Mr Mannn on September 12, 2012, 03:48:30 PM
Rush Limbaugh give us 18 months before an economic collapse of O is elected.

Rush has always been known for his optimism where America's future is concerned. :whatever:  This is what Obama's "Fundamental transformation of America" looks like, gang.
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"Stand your ground. Don't fire unless fired upon, but if they mean to have a war, let it begin here."
-- Capt. John Parker
"I'm not looking for forgiveness, and I'm way past asking permission"
-- Capt. Steve Rogers
"In this present crisis, government in not the solution to our problem, government IS the problem."
-- Ronaldus Magnus

Offline A7X_foREVer

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #8 on: September 12, 2012, 04:44:15 PM »
If he gets the job again we are all screwed
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Offline Ausonius

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #9 on: September 14, 2012, 10:13:18 AM »

People complain that MAObama plays golf and is always fund-raising: but wait!

That BIG BRObama does very little most of the time is a RELIEF! Imagine how bad things would be if he actually believed in working for a living! So much more Surrender and Socialism would already be in place.

As indolent and inattentive as he is, he has only added 50% to the national debt, ruined our international standing, encouraged Russia and Iran and other enemies to continue against the interests of freedom, surrendered Afghanistan, sabotaged the health-care system, fed the American people hatred and envy, and started a war with the Catholic Church.

As I wrote elsewhere yesterday, anybody still voting for him - given such evidence - is either stupid or wants what MAObama wants: the decline and fall of America.

We can only hope that the national and international weeds growing and strangling our flowers of freedom and trying to turn them into a Garden of Evil can be uprooted by the next administration.
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Offline obumazombie

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #10 on: September 20, 2012, 01:54:25 AM »
Some people vote only based on their gubmint welfare check.
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Offline Ausonius

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #11 on: September 20, 2012, 09:35:06 AM »
Quote from: obumazombie on September 20, 2012, 01:54:25 AM
Some people vote only based on their gubmint welfare check.

Which is Romney's (somewhat) overstated point at the fund-raiser about the 47% being ipso facto MAObama voters.

This is a tendency - because of the check - to keep it coming and to support those behind the check, usually Democrats.
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Offline obumazombie

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Re: Federal Debt Equals 103 Percent of GDP
« Reply #12 on: September 20, 2012, 09:15:56 PM »
Quote from: Ausonius on September 20, 2012, 09:35:06 AM
Which is Romney's (somewhat) overstated point at the fund-raiser about the 47% being ipso facto MAObama voters.

This is a tendency - because of the check - to keep it coming and to support those behind the check, usually Democrats.
The lib/dem/socialists have nearly perfected innumerable vote buying schemes.
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