“We previously warned of what can transpire when desperate governments are no longer able to shoulder unbearable debts. As one can see in the chart above, total public debt in the United States recently crossed the proverbial Rubicon and now equals 104.95% of GDP. As if this weren’t alarming enough, the Fed’s official figures – which were used to create the chart above – do not include the nation’s swelling, yet politically untouchable unfunded liabilities, namely Medicare and Social Security. When these figures are plugged in to the equation, the US’s public debt level skyrockets to astronomical heights.”
http://www.hardassetsalliance.com/investing-news/editorial/total-public-debt-now-eclipses-gdp
Related posts:
Top 10 Cases of Police Brutality
Has US 'Red Line' On Syria Been Crossed?
Official Inflation Measure Shows Strongest Climb in More Than Three Years
Lawyers: Illegal body cavity searches of women standard policy at Texas traffic stops
Airlines Are Giving Your Face to Homeland Security
Leaked Debate Agreement Shows Both Obama and Romney are Sniveling Cowards
There’s No End in Sight to the Bull Market in Stocks
Bitcoin Boomtown: Digital Currency Tops $400, Mining Rigs Sell for $3M
Supreme Court refuses to take up challenge against New York public gun law
How to Generate Income From the Needs of a Hungry World
Expansionist Madness in the House Regarding Israel
The Trusting Soul Who Tipped Off the Boston Invaders
Rats fed lifetime of GM corn grow horrifying tumors, 70% of females die early
New York Now Accepting Applications for Digital Currency Exchanges
US 'Secret' Drone Base and Ron Paul's Foreign Policy