Valin Posted August 6, 2011 Share Posted August 6, 2011 Townhall:Helen Whalen Cohen8/6/11 US debt reached $238 billion, 100% of GDP on Wednesday, figures from the Treasury Department show: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. Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country's spending commitments reached a breaking point and it threatened to default on its debt. The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium. (Snip) Link to comment Share on other sites More sharing options...
pollyannaish Posted August 6, 2011 Share Posted August 6, 2011 Sigh. Link to comment Share on other sites More sharing options...
Rheo Posted August 6, 2011 Share Posted August 6, 2011 I'll see your sigh and raise you a Link to comment Share on other sites More sharing options...
Evad Posted August 6, 2011 Share Posted August 6, 2011 I'll see your sigh and raise you a I know..but it's all good news. It's the only way we're going to get rid of this scum. Ride it out..come on 2012. Link to comment Share on other sites More sharing options...
SrWoodchuck Posted August 6, 2011 Share Posted August 6, 2011 In the words of the Chinese [after the Debt Resolution was signed & the money immediately spent]: "You cannot prosper by eating May's grain.....in April." Link to comment Share on other sites More sharing options...
Evad Posted August 7, 2011 Share Posted August 7, 2011 In the words of the Chinese [after the Debt Resolution was signed & the money immediately spent]: "You cannot prosper by eating May's grain.....in April." It is wise to worry about tomorrow today: The Ant and The Grasshopper Link to comment Share on other sites More sharing options...
Valin Posted August 7, 2011 Author Share Posted August 7, 2011 In the words of the Chinese [after the Debt Resolution was signed & the money immediately spent]: "You cannot prosper by eating May's grain.....in April." It is wise to worry about tomorrow today: The Ant and The Grasshopper What? Me Worry? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now