Wednesday, September 28, 2011

Projected National Debt

Source: The White House
It is beyond comprehension that Washington DC has not recognized the need to do SOMETHING! They continue to play politics with our future, our kid’s future and our children’s children future. In fact, it goes beyond reason that I suspect everything is done on purpose and for a reason. WE need to change things in 2012 and hope it is not too late!!

National Debt in TRILLIONS (ex. One Trillion dollars = $1,000,000,000,000)

2012                                      $11.7 trillion

2013                                      $12.7

2014                                      $13.3

2015                                      $14.0

2016                                      $14.7

2017                                      $15.3

2018                                      $15.9

2019                                      $16.5

2020                                      $17.1

2021                                      $17.8

In comparison with other countries based on the public debt as a percentage of their economy in 2010: (Source- The World Factbook)

Greece            143%

Italy                119%

Ireland             97%

Portugal           93%

USA               90%              Projected to be over 100% in 2011

Spain              60%

Tomorrow, September 29, 2011, the third GDP Estimate for the 2nd quarter will be published. The trend has been down while our debt as a percentage of our GDP increases.
The political environment in Washington DC has paralyzed this country.

Wake Up America!

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