Monday, June 13, 2011

OH NOES!!!!

BE AFRAID!!!!!! WE'RE BROKE!!!!! RUN AWAYYYYYYYYYYYY!!!!!!


It's fun to play with numbers, but you really should know what you're doing when you do.  America's GDP is approximately $15 TRILLION...  Kind of puts this in perspective.

  • $2,000,000 / $15,000,000,000,000 = 0.000013% (this is 7% of GDP / year)
  • $73,900,000 / $15,000,000,000,000 = 0.004927%
  • $269,735,000,000 / $15,000,000,000,000 = 1.798233% (1 year's interest: Cheap Money!)
People don't realize the size of the US economy.  And while the total debt is troubling as a percentage of GDP, our situation post WWII was worse and we managed to cut grow our way out of it.


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