quote:WIKI: Public Debt
The United States public debt is presented by the United States Treasury as two calculations: "Debt Held by the Public", defined as U.S. Treasury securities held by institutions outside the United States Government, and the "Gross Debt," which includes intra-government obligations (e.g., the Social Security Trust fund).[1]
As of November 7, 2010, the "Total Public Debt Outstanding" was approximately 95% of annual GDP, ($13.723 Trillion) with the constituent parts of the debt ("Debt held by the Public") being approximately 66% of GDP ($9.14 Trillion) and "Intergovernmental Debt" standing at 34% of GDP .[2][3] The United States has the 20th highest debt to GDP ratio of all nations, and has the fourth highest of the G8 Nations.
˙ʎ˙u ןןıq- „ǝןƃuɐ ʇuǝɹǝɟɟıp ɐ ɯoɹɟ pןɹoʍ ǝɥʇ ʇɐ ʞooן ɐ ƃuıʞɐʇ sı ǝɟıן oʇ ʇǝɹɔǝs ǝɥʇ„ | |||
![]() | 1990 Barth Regis Widebody 8908 0128 40RDS-C1 L-10 Cummins Allison MT647 Transmission Spartan Chassis | ![]() | 1991 Medical Lab Conversion 9102 3709 33S-12 Ford 460 MPFI C6 Transmission Oshkosh Chassis |
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Don't like to be lazy with the facts...quote:Originally posted by Bill N.Y.:
No, I did not account for the extra day in a leap year.
˙ʎ˙u ןןıq- „ǝןƃuɐ ʇuǝɹǝɟɟıp ɐ ɯoɹɟ pןɹoʍ ǝɥʇ ʇɐ ʞooן ɐ ƃuıʞɐʇ sı ǝɟıן oʇ ʇǝɹɔǝs ǝɥʇ„ | |||
![]() | 1990 Barth Regis Widebody 8908 0128 40RDS-C1 L-10 Cummins Allison MT647 Transmission Spartan Chassis | ![]() | 1991 Medical Lab Conversion 9102 3709 33S-12 Ford 460 MPFI C6 Transmission Oshkosh Chassis |
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quote:debt ("Debt held by the Public") being approximately 66% of GDP ($9.14 Trillion) and "Intergovernmental Debt" standing at 34% of GDP .[2][3] The