Once again -- for clarity..
National Debt at the time of this posting..
14,342,865,885,306.46
-or 14.34 Trillion
Gross Domestic Product - estimated for 2011
-15.23 Trillion
What Does Gross Domestic Product - GDP Mean?
The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
GDP = C + G + I + NX
http://www.investopedia.com/terms/g/gdp.aspEssentially GDP is the sum of what a country produces in a year -
EVERYTHING. Including things that can't be monetized. This figure should not be confused with 'profit'
The short of it is we cant fix this with taxes. Even if we 'tax the rich' at 100% of their earnings, the US will only accrue a small fraction of what's needed to solve this problem.