Posts
US
debt: It's Official: $16,015,769,788,215.80
4
September, 2012
A
week ago, following the unsettled auction of the just concluded 2
Year bond issue, we
calculated that
the total US debt just crossed a psychological boundary that it will
never cross to the downside ever again.
Today, we just got the official confirmation courtesy of all auctions
from last week finally settling. Sure enough, as of Friday, the
official debt tally is now $16,015,769,788,215.80.
And
for those who care about such things, the total debt/GDP is now,
assuming the same GDP growth in Q3 as in Q2, at
102%, up from 76.5% when President Obama took office.
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