The Growth Of American National Debt

Chart Graph Of National Debt In America

American Debt As A Percent of GDP

As of June 1, 2010, the Total Public Debt Outstanding was approximately 88.9% of GDP, and for the first time exceeded $13 trillion. Yes, you read that right: the national debt for the United States is now 90% of the total economic output for a year.

The 2010 Budget proposed by President Barack Obama projects significant debt increases, both in terms of dollars and relative to GDP [Source via GPOAccess]. The debt is projected to nearly double to $20 trillion by 2015, but is expected to increase to nearly 100% of GDP by 2020 and remain at that level thereafter. In March 2009, the Congressional Budget Office (CBO) estimated that gross debt will rise from 70.2% of GDP in 2008 to 100.6% in 2012. Essentially, there will be more debt than economic out by 2012.

Don’t worry, Obama isn’t the only one to blame: Under President George W. Bush, the national debt increased from $5.6 trillion in January 2001 to $10.7 trillion by December 2008, rising from 58% of GDP to 70.2% of GDP.

Even more disconcerting is the countries that own American debt — the foreign ownership of this debt is listed below [via Wikipedia]:

Leading Foreign Owners of US Treasury Securities & Debt
Nation Billions of Dollars Percentage
People’s Republic of China 877.5 23.4
Japan 768.5 20.5
United Kingdom 233.5 6.2
Oil Exporters 218.8 5.8
Brazil 170.8 4.6
Hong Kong 152.4 4.1
Taiwan 121.4 3.2
Russia 120.2 3.2
Grand Total 3750.5 65.8

See Also: US National Debt 1940-2010, Stimulus Wimps, Pete Peterson Has Won: Americans Rate Federal Debt as Top Threat, Household Net Worth off $11.4 Trillion, Federalizing Your Retirement, Comstock: The Dire Outlook For Housing, Taleb: Debt Problems Are Worse Now Than in 2008, We need a “truce” on social issues to concentrate on our fiscal crisis, The U.S. Total Debt Picture: Still Rising Slowly, and National Debt Now Rated With Terrorism As Top Fear Of Nation’s Voters.

[tags]national debt, graphs, graph of national debt, debt as a percent of gdp, debt as a percentage of gdp, american debt, american national debt, total debt, pictures, photographs, pics, united states debt, economics american total debt[/tags]

Email

0
From The PBH NetworkHot On The Web
  1. Nexus 4 Singapore…

    The Growth Of American National Debt – Prose Before Hos…

  2. expect to earn between 20 and 50…

    dollars per hour, depending on your training and skills.online marketer online marketing ranks very high among the free online jobs available on the internet today. an online marketer, or affiliate marketer, promotes the products of one or more compani…

  3. walk acts says:

    something else to see, possibly capture their…

    attention and have them clicking through to your other posts keeping them where you want them, on your site!14. wp photo album – another excellent plugin that gives a greater visual dimension to your blog. this plugin allows you to upload…

  4. many work with agencies. to ensure you…

    get the quality you expect and are paying for, conduct an online or telephone chat with your chosen writer to discuss your article writing needs in detail. this will give you a good idea of the writer’s interest, knowledge and ability…

  5. your staff. depressed people do not make…

    good leaders or good workers. neither do people with anxieties which incapacitate them by preventing full participation and enthusiasm for your company. ask google if they think a happy workforce makes for a good company! the search engine is famed for…

  6. Patria Eyer says:

    Susan Donofrio…

    Approximatively I don’t read article after which blogs….

  7. click here says:

    blogs started popping up all over the…

    place it was still a time that people were paying webmasters a lot of money to put up a decent website. so the high cost of having your own website kept a lot of people from entering the internet world as…

Hot On The Web