As of March 31, 2013, the U.S. debt/GDP was 104.8%, up from 103% as of December 31, 2012. This is a debt growth rate that would "make the most insolvent Eurozone nation blush." There was once a time when individuals were concerned about this unsustainable trajectory.
Submitted by Tyler Durden
04/26/2013 09:07
Zero Hedge
Now that we have the first estimate of Q1 GDP growth in both rate of change and absolute current dollar terms ($16,010 billion), we can finally assign the appropriate debt number, which we know on a daily basis and which was $16,771.4 billion as of March 31, to the growth number. The end result: as of March 31, 2013, the US debt/GDP was 104.8%, up from 103% as of December 31, 2012 or a debt growth rate that would make the most insolvent Eurozone nation blush. There was a time when people were concerned about this unsustainable trajectory, but then there was an infamous excel error, and now nobody cares anymore.
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