US Foreign Debt jumps to 35% of GDP

May 06, 2009

By Raymond Richman, Howard Richman, and Jesse Richman

 

On April 21, the International Monetary Fund (IMF) projected (see the World Economic Outlook, pp. 36-37) that the US foreign debt will increase from about 4.5% of world GDP in 2007 to about 9% in 2009. Given that the US foreign debt was 17.7% of US GDP at the end of 2007, this means that our foreign debt will be about 35% of US GDP.

 

http://www.americanthinker.com/2009/05/us_foreign_debt_jumps_to_35_of.html

 

DEBT YOUR GRANDCHILDREN ARE GOING TO PAY. 

 

AREN’T WE SUPPOSED TO LEAVE A BETTER PLACE TO OUR CHILDREN???

 

HOLD THEM TIGHT AND APOLOGIZE TO THEM FOR THEIR WRECKED FUTURE.

 

OBAMANOMICS STIKES AGAIN!!!

 

STIMULATED YET!!!