U.S. debt in the limelight

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As Washington shortly has to decide about hiking the U.S. debt ceiling, it is of interest to do a quick review of the numbers.

The chart below, courtesy of Business Insider – Clusterstock, shows the escalating U.S. debt ceiling together with the country’s GDP. The GDP-to-debt ration is now 90– 100% – numbers typically associated with a sovereign debt crisis.

Source: Business Insider – Clusterstock, January 3, 2011.

For some more sobering reading, let’s revisit the overall U.S. debt situation, as illustrated so vividly by USDebtClock.org.

Please click here or on the image below for the live Debt Clock – updated from second to second as the debt burden increases.

Source: USDebtClock.org

Lastly, InformationIsBeautiful.net has produced the debt situation in animated format, aptly called “Debtris”. No better way than a graphical presentation to get the message across …

Source: InformationIsBeautiful.net (via YouTube), December 30, 2010 (hat tip: The Big Picture).

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