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Benton County Republicans is a non-profit organization based in Benton County, Minnesota.  Our goal is to educate the people of Benton County and the State of Minnesota on conservative principles and to advocate the Republican Party's philosophy and initiatives while empowering men and women of all ages, ethnicity and backgrounds in the political process.  Join us as we share ideas, form friendships and help good, conservative candidates get elected through volunteer work and political activism.

When is enough, enough

4/28/2013

 
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Total US Debt To GDP: 105%

Now that we have the first estimate of Q1 GDP growth in both rate of change and absolute current dollar terms ($16,010 billion), we can finally assign the appropriate debt number, which we know on a daily basis and which was $16,771.4 billion as of March 31, to the growth number. The end result: as of March 31, 2013, the US debt/GDP was 104.8%, up from 103% as of December 31, 2012 or a debt growth rate that would make the most insolvent Eurozone nation blush. There was a time when people were concerned about this unsustainable trajectory, but then there was an infamous excel error, and now nobody cares anymore.


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