The Debt Is Growing [MUCH] Faster Than The Economy

 

This graph is from back in March, and we know things have gotten worse since then. The most recent stat - for second quarter GDP growth - was closer to one percent than to two:  1.25%.  Oh, and "[f]ollowing the inauguration of President Obama, the national debt has grown at an annualized rate of 15.21%" -- not the 8% claimed in the graph.

Your homework assignment is to adjust the graph accordingly... in  your mind's eye.

 

Imagine four more years of this, Gd forbid.

The United States is already below 75 percent of the world in GDP growth. That means we’re well below Egypt, Mexico and Albania. Forget beating China, which is No. 10 while we’re No. 166 and falling, we need to start figuring out how to get ahead of our immediate rivals, Bosnia, Jamaica and Cuba.  -- Daniel Greenfield at FrontPage

 

 

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Comments

[same day loan]

This is very true that that the debt id really growing faster than the economy of the company, this graph is showing the exact picture of our current economy. I think that all the countries must organize a meeting for this particular issue and find a good solution.

[cash loan]

I have also noticed that from many years debt is growing faster than economy. Debt is becoming a big problem for many countries. This debt is a big problem for global economy. However Government is making so many efforts to control it.

[quickloans]

Debt is becoming serious problem for the world. Now it is also making affects on international deals. This is really not a good sign for America that America is already below 75% of the total world GDP growth, however Obama is regularly make many new policies, rules and regulations and making so many efforts to control this debt, debt is still is on its high.

[12 month loan]

Debt is not a problem for a single country; it has become now a global problem. In this graph national debt is increasing continually in the period of W bush, when he was president of America. Debt is still in upturn when Mr. Obama is president.

[paydayuk]

Obviously Bad debt is really very risky and harmful, however debt can never good. Debt is also painful and nobody wants to be in debt. Sometimes it is very difficult for you to pay off your all debt.

[12 month loans]

This Chart is explaining the actually situation of the financial market and the speed of growth of debt. After checking this chart I also believe that debt is really growing faster than economy.

[payday loans]

I also analyzed that this debt is really growing very fast. Now government needs to take some decisions and start some financial reform programs, so that they can reform the situation.

[kwikquid]

Debt is global problem; Debt is common problem for most of the countries. I think that all the countries must make some efforts to find some good solutions for this debt. Financial reforms are also very necessary for the global financial market.

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[quick cash]

Due to the financial crisis fiscal deficit is also increasing for many countries. Most of people are in debt, some of them are really in bad debt. Debt is a serious problem for government; it is not so easy to recover this debt from public.

[payday loans]

This graph is showing the characteristic of debt. Debt is becoming a major problem for country. People should avoid over borrowing, and lenders should also not provide loans to the person who is less eligible for the loan.