US borrowing tops 100% of GDP: Treasury - Yahoo! News

US borrowing tops 100% of GDP: Treasury

AFP – Wed, Aug 3, 2011...

US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday.

Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country's spending commitments reached a breaking point and it threatened to default on its debt.

The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.

Public debt subject to the official debt limit -- a slightly tighter definition -- was $14.53 trillion as of the end of Tuesday, rising from the previous official cap of $14.29 trillion a day earlier.

Treasury had used extraordinary measures to hold under the $14.29 trillion cap since reaching it on May 16, while politicians battled over it and over addressing the country's bloating deficit.

The official limit was hiked $400 billion on Tuesday and will be increased in stages over the next 18 months.

The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.

Ratings agencies have warned the country to reduce its debt-to-GDP ratio quickly or facing losing its coveted AAA debt rating.

Moody's said Tuesday that the government needed to stabilize the ratio at 73 percent by 2015 "to ensure that the long-run fiscal trajectory remains compatible with a AAA rating."

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Ellos tienen a otro ZP como presidente, que esperaban.

Calidad de deuda AAA.

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Y recordad que EEUU contabiliza en el PIB todo lo que producen las fábricas de sus empresas fuera de sus fronteras. El desequilibrio es aún mayor.

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Esto que dices lo vi el otro día buscando datos de PIB por países y no sabía que existía ese matiz, es la diferencia entre GDP Gross Domestic Product y GNP Gross National Product.

Gross domestic product - Wikipedia, the free encyclopedia

Gross national product - Wikipedia, the free encyclopedia

Aún no tengo claro a cuál nos referimos habitualmente pero creo que es el segundo o sea que lo que hacen los usanos es lo mismo que hacemos nosotros no?

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Usa no es Grecia, es muchísimo peor.

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Obama le ha buscado la ruina a la nación. Lo vi en a tele y lo celebraron que subieron el techo de la deuda con una gran cena, como si hubiesen conseguido una gran victoria.

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Este es madmaxista y lo sabeis, cuando dice zombi se refiere mentalmente a hordas de delicuentes, hiperinflación y anarquia.

meanwhile EEUU

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