opinions and predictions about 2012 GDP and US National Debt

This 2012 prediction about the US Gross Domestic Product or GDP not being adequate to pay off the US National Debt should have some people thinking seriously.

What's the GDP ? The gross domestic product of a country is a measure of it's overall economic output.

What is the US National Debt ? The national debt is the amount of money owed by US citizens. Wikipedia states that this debt is presented by the US Treasury as two calculations.

1. Debt held by the public
2. Gross Debt

Click this link to see the US National Debt Clock at work. The same chart, at the time of this writing shows that the GDP ratio to the National Debt is about 90%.

Who owns the securities and other financial assets that make up the US National Debt ?

The debt is auctioned off on the global market so anyone can own a piece of the American debt, including private investors.

What does the 2012 US National Debt prediction mean to the American society ?



While there could be countless opinions as to the state of America, see if you agree with this guys opinion in this youTube video called 13$ Trillion Debt poised to overtake U.S. GDP!

What do you think ????

Comments are welcomed....

Opinions and predictions about 2012 GDP and the US National Debt are a dime a dozen....let's hear yours...


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