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Author Topic: US borrowing tops 100% of GDP  (Read 1051 times)

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Offline rich_t

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US borrowing tops 100% of GDP
« on: August 04, 2011, 06:15:45 AM »
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US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday.

http://news.yahoo.com/us-aaa-rating-still-under-threat-204040123.html

That sure didn't take long.

Well, there's the default this abortion of a bill was supposed to stave off right?
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"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline rich_t

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Re: US borrowing tops 100% of GDP
« Reply #1 on: August 04, 2011, 04:51:40 PM »
Just print more money.

That will fix everything.
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"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944
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