Thursday, August 04, 2011

U.S. Debt tops 100% of GDP

Yes, that's right. The entire economy produced $14.53 trillion last fiscal year, and the United States now owes $14.58 trillion.

But, if I may paraphrase the NYT's editorial page, you'd have to be an insane, hostage-taking, commie-nazi, terroristic vampire of a tea-bagger to be concerned.

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