US Debt to GDP Passes 101% – Per Capita Debt Higher Than Greece

US debt to GDP passed 101% this week.
Zero Hedge reported:

Without much fanfare, US debt to GDP hit 101% with the latest issuance of $32 billion in 2 Year Bonds. If the moment when this ratio went from double to triple digits is still fresh in readers minds, is because it is: total debt hit and surpassed the most recently revised Q4 GDP on January 30, or just three weeks ago. Said otherwise, it has taken the US 21 days to add a full percentage point to this most critical of debt sustainability ratios: but fear not, with just under $1 trillion in new debt issuance on deck in the next 9 months, we will be at 110% in no time.

That’s not all…
America’s per capita debt is worse than Greece.

And Barack Obama still won’t slow down his spending. The national deficit is likely to top one trillion dollars again this year.

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  • Skandia Recluse

    There is only one way this comes to an end, and it won’t be pleasant. Think of it as the most disturbing divorce you can imagine, a divorce from a spendthrift spouse who will use the children as a tool of war in the dispute.

  • Fuquay Steve

    We are all Greeks and Catholics now.

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  • Patty

    U.S. Downgrade, who’s watching the possibilities. Obama will ask again for another 1.2 trillion after as he says, he needs his next 5 years coming up, according to him.

  • Patty

    Think about his next term, what he can manage to destroy further.

    He seems to believe he has another 5 more years. If, and a Big if, I don’t count 5, and I don’t count 57 states.

    Many that is what is wrong with our debt, he got an F in Math class.

  • Carbon Pootprint

    this is irresponsible and unpatriotic

  • FurryGuy

    Too bad for the American people Barry and his Merry Band of Socialists won’t be satisfied until our debt becomes truly unsustainable no matter what austerity measures the next president (if there is a next) will be forced to enact. FDR had WWII to finally boost the American economy out of the shambles he he created trying (and failing miserably) to get out of the Great Depression. Barry, by his actions, wants no recovery. He is working to achieve a collapse.

  • Warthog

    Don’t worry. All they have to do to pay for this is print more money, right? No problem at all.

    Say, why does gas suddenly cost $5? F’n greedy oil companies.

  • Ex-Californian

    Bloating the national debt isonly a prt of Sotero’s marxist Cloward Piven strategy to destroy the USA on steroids.

  • Odummer’s plan all along completely bank-rupt us to unrepair means…what happens when China comes knocking to collect …will we have to sell-off our sovereign assets to pay-off our national-debt?

  • Robert

    And the Republicans come up with rare discusions of this,
    all watered-down and orchestrated by the so-called leadership.

    The Tea Party candidates have failed to live up to the
    clear mandate under which they were elected.

  • Joanne

    Obama is not slowing down his spending, because he is throwing America over the cliff. Wake the hell up people. Stand up and be counted. It won’t matter that everything Obama signed into law will be reversed when it finally comes to light for all that he is a fraud and committing treason, because you can’t reverse debt and the Russian’s aren’t going to give back the U.S. Alaskan islands and all the oil in the waters surrounding them. Wake up and do something. Talk, talk, talk. Damn, this coming election can’t come soon enough, but if Obama is re-elected, are the American people just going to wait for the next round of elections…..again?

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  • WillofLa

    The last time this happened was right after WWII, when it was at 110%. But that was because we just whipped the Nazi’s and Japs, and spent billions in bullets, bombers, and bombs. Not to mention all the people in all the countries we drove the German’s out of we fed and helped rebuild some temporary life we could give them while we were driving the German’s back to Berlin. We fed the world, and provided first aid and health care for millions upon millions around the globe who the Nazi’s had ravenged, and the Japs had starved to feed their people.

    Obama knows exactly what he’s doing.

    Look up “Cloward-Piven”. These are two college professors back in the 60’s who cooked up this idea and presented it to the Democrats. They loved it right off the bat, and began to institute it. Obama is using it to it’s max to drown us in red ink!!

    Look it up, you won’t believe that you’ve been looking right at it and didn’t know what you were looking at. Sure we all think the government spends to much money. But did you ever think that it was actually a thought out plan in order to crush this nation economically? Don’t be fooled, it is doing exactly what it’s supposed to do.

    Obama gave an award to Mr. Cloward and Mr. Piven for “…their good work in developing our economy.” Yeah, they sure have, haven’t they? They have done a bang up job!!

    Look up when Obama gave them the award. There’s a picture of him giving them their award. They are two old men now, but just as dangerous. They needed to have been taken out a long time ago.

  • #14…will, piven is a woman, frances fox piven former professor at columbia during the sixties. she is still alive and still doing damage to the country. the purpose of the strategy was to cause a revolution.

  • Herb

    Gas is high not because of the F…ing greedy oil companies-it’s high because: no keystone pipeline, no drilling in gulf, no drilling in ANWAR, no drilling anywhere. No nuclear power plants, take out the hydroelectric dams, dump tax dollars in solar & wind energy, subsidize electric cars & make fuel out of corn. Tea Party is way outnumbered. Need more of them.

  • mike191

    The choice of the 50% who pay taxes is clear:Term limits and ending the tyranny of giant government.The question among the Republican candidates, who can slash this government into a manageable size, end the implementation of “Obama Care”,send the czars packing and eliminate some departments,while having the spine to answer to the protests in the streets and the obstruction efforts by the Dems and cabal of the”fourth Estate”,is who?

    Comments 9,11and 14 are spot on .

  • WillofLa

    It is Obama’s intent to do as much damage to this nation’s economy as possible. But I have to believe that there are people somewhere either in the government or outside in the part of our economic engines that will not let him go so far as to cause the economy collapse. And the reason why I have to believe that is for the same reason why “Y2K” turned out to be the largest scam in the history of mankind. The computer designers had already made the computers year 2000 compliant, back in the 80’s. So why didn’t they come forward and say so? Why didn’t they come forward and tell the people of the world that nothing was going to happen when the clock struck midnight Dec. 31, 1999? I don’t know, but many were already saying that nothing would happen, but because I guess we believe in the 1st Amendment we had to let those who were putting out the information that Russian nukes would fire thinking the government had been destroyed, put out what they wanted to say to.

    But isn’t that a dangerous position to take, that the people who took that position were endangering people and causing them to do things with their money that was totally unnecessary, and destructive to those people? When the clock struck 12 and nothing happened all those people who had sold everything they had and were hunkered down in some cave in the Rocky Mountains would realize they had screwed up big time. That they had sold their homes that were almost paid off, cashed in their 401 K’s that were fat enough to take care of them for many years after they retired, quit their jobs that they were almost about to retire from with fat benefit packages, and cashed out their IRA’s, savings accounts, checking accounts, and bought all the survival stuff they could find, then hauled butt to the mountains to wait out the nukes falling.

    This economic calamody is real. Y2K was fake. We are going to loose everything we have, and we don’t have to move to a cave in order to wait it out because it will get us no matter what we do or where we go to try to get away from it. This disaster will affect every country around the world. There won’t be any place on earth we can go and escape what is about to happen when this countries economy collapses. I don’t see anyone or anyone doing anything to put the brakes on this slide down hill. What are the Republican’s in Congress doing to stop Obama? Everytime he wants to do something he knows how to go around Congress and the Constitution in order to get it done, and it’s done. No need for a law written up in thousands of pages of lawyer talk given to Congress, no committee reviews, no debate, nothing. Nothing but Obama being allowed to do whateve he wants to do. Why won’t our Republican Party stop Obama and that would include confronting him with anger and malice in order to create as much fire that the Socialist media would jump on big time. But the American people need to know that Obama is causing this damage and has used what the Socialist Democrats did back in ’08 with their “October Surprise” that started this downhill run to destruction.

  • Patriot Act

    The horror of the situation lies in the fact that, unlike Greece (which has been bailed out 2 or 3 times now), there is NO ONE who can bail out the United States. Greece’s economy is literally about the size of Houston, and the European Union is having trouble keeping it afloat.

    If the US economy collapses, the rest of the world will follow. We’re not just playing with fire here, America. We’re staring at an apocalypse.

    Meanwhile, our moronic Democrat politicians and their mindless voting minions think they can play it for political gain.

  • Liberty

    No worries… Newt, Mitt, and Rick are monitoring the situation, and plan to do NOTHING about it.

  • and our politicans are still giving foreign aid to other countries. this is what happens when you let the politicans take your right to the fruits of your labor.

    the biggest economic problem we have is that the american politicans buys their way into office with your tax dollars. they are so crooked, corrupt, and incompetent that the only way they can get re-elected is to pay people to vote for them. as they need to pay more people to vote for them they have to confiscate more and more of the american workers income. our economy was sunk by politicans not private citizens.

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