Post Tagged with: "debt by president"

November 22, 2011 09:48

A $15-Trillion Problem: U.S. Debt To GDP at 98.9% and Rising

When the debt-to-GDP ratio of a country exceeds 90%, much less 100%, the drag on economic growth begins to rise sharply. This is one of the main problems facing many of the smaller Euro-zone countries today: They are carrying so much debt that they do not have the ability to “grow” their way out of their debt problems. The US has now also reached the level at which our total indebtedness is robbing economic growth.