Home > economics, News, Political, Politics, Pre Pulse Ramblings, Society > U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day

U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day


Dan Fuss, who manages the Loomis Sayles Bond Fund, which beat 94 percent of competitors the past year, said last week that he sold all of his Treasury bonds because of prospects interest rates will rise as the U.S. borrows unprecedented amounts. Obama is borrowing record amounts to fund spending programs to help the economy recover from its longest recession since the 1930s.

“The incremental borrower of funds in the U.S. capital markets is rapidly becoming the U.S. Treasury,” Boston-based Fuss said. “Do you really want to buy the debt of the biggest issuer?”

via U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day – Bloomberg.com.

Oh my…all predictable….all avoidable….we may never recover from this administration in our lifetime.   None of this is surprising.  Obama is doing exactly what he said he would do during the campaign….and people still voted for him.  It has become passé to claim “election have consequences.”  Unfortunately our children, who did not get to vote, will have to deal with America’s decision to put Obama in office.

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