US Fed Deficit > World GDP

14 02 2009

Its no secret nor is it really a losable debate when it comes to the terrible condition of the US Federal Gov’t Deficit.  Actually, the debate is not whether we are in debt but in just how much that real debt is.  Its easy to throw numbers around.  Its probably best that we define the basis of the numbers being tossed around so that the truth can be realized.  Currently, the total US Federal Deficit including all obligations is around $65.5 trillion dollars with all things accounted for.  That exceeds the current GDP of the world.  Consider this … at which point does it stop?  Its like we are driving at night with our headlights off and we know there is a giant brick wall in front of us but we dont stop.  We shift up a gear and peg the accelerator.  WTF?




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