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Re: SilverSurfer post# 48931

Sunday, 03/21/2010 7:33:05 PM

Sunday, March 21, 2010 7:33:05 PM

Post# of 219270
U.S. GDP approx. $14.5325 Trillion

U.S. Debt Limit raised to $14.3 Trillion

Current U.S. National Debt = $12.6+ Trillion

As government spending rages on it will push the national debt up to $14.3 Trillion. Thus, threatening to swamp economic output (as measured by GDP) of $14.5 Trillion.

I am pretty sure that article was referring to a time when the U.S. National Debt > GDP.

That's my simple explanation to what the article meant.

Mike

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