Sep 10

that’s a lot of dough!

Economy, Politics Add comments

Total World GDP:               $ 60 trillion
Total Global Money Supply: $ 60 trillion
Actual U.S.National  Debt:   $130 trillion  

Nope. Nothing to see here. Just move along.

Source: NRO Exchequer

2 Responses to “that’s a lot of dough!”

  1. Carl Says:
    September 10th, 2010 at 12:26 pm

    The old standard for home buying debt of three times annual income (GDP) has recently expanded to four times. Anyway, national debt cannot be well analyzed with simple figures like multiple of GDP. The acceptable level of debt depends on future earning prospects for people, companies, and nations.

  2. Ken Says:
    September 10th, 2010 at 1:51 pm

    blah blah blah. Just say it “If Obama does it, I’m FOR IT. Yeehaaah”.

    It is so obvious that we have too much debt that I find it ludicrous to find it defended.

    And it is so obvious that it didn’t buy much of worth too.