Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Sunday, July 5, 2026

Thursday, May 31, 2018

beyond comprehension


To count to 16.5 trillion (the equivalent of the current federal debt), would take 500k years.

Tuesday, October 14, 2008

debt

Last month's $700 billion bailout package seems staggeringly large, but it amounts to a little more than 5% of U.S. gross domestic product. Compare that to Germany's $400 billion to $536 billion rescue package (between 12% and 16% of its GDP), or Britain's $835 billion plan (30%).
Of course it may require considerably more than $700 billion to clean out our Augean Stables. But here it helps that the ratio of government debt to GDP in the U.S. runs to about 62%. For the eurozone, it's 75%; for Japan, 180%.

More here.

Monday, September 29, 2008

$700 billion bailout



From the Los Angeles Times.