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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