Tag Archives: US Debt Eclipses Economy

RT- US Debt Eclipses Economy, Reaching $16 Trillion This Week – 5 September 2012

US debt eclipses economy, reaching $16 trillion this week

The US government has announced its $16 trillion debt, a landmark number that has more than tripled during the last two presidencies. At 104 per cent of the nation’s gross domestic product, the debt is now larger than the US economy itself.

The data released by the Treasury Department  on Tuesday showed that the government debt has surpassed $16 trillion for the first time in American history. Continue reading