Home > Politics > America’s Debt Crisis Lot Worse Than Reported / $48 Trillion
01 Mar

America’s Debt Crisis Lot Worse Than Reported / $48 Trillion

Posted by Peilo 3 comments

Things haven’t been this bad since the Truman era and the Cold War !   :(

Last year total debt increased $3.9 Trillion, 5 times more than GDP.
External debt owed foreign interests increased $1 Trillion;
Household, business and financial sector debt soared 9%.
72% ($35 trillion) of total debt was created since 1990,
a period primarily driven by debt instead of by productive activity.

us debt

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  1. March 1st, 2008 at 16:46 | #1

    I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

    Tim Ramsey

  2. March 1st, 2008 at 17:00 | #2

    I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.

    Tina Russell

  3. Peilo
    March 5th, 2008 at 13:21 | #3

    Thank You :)

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