|
Movies Books Music Food Tv Shows Technology Politics Video Games Parenting Fashion Green Living more >

A Quick Tip by Sharrie

  • Jul 10, 2011
Big topic this weekend. The U.S. government probability of defaulting on its obligations? Unthinkable! But, so was the tsunami that hit Japan 4 months ago!

Dateline: Aug. 2, 2011

Stay tuned!




I hate to say this, but it is now some US$14.48 trillion as I pen this QT! So, how many lifetime does the "presidents" have to work to be out of the red?! It's gonna be nasty if the two parties don't come to agreement soon!

Caption
Share  
(0)
(0)
(0)
(0)
Was this helpful?
0
Post a Comment
About the reviewer
Sharrie ()
Ranked #3
I'm a traveler at heart & have been nicknamed Travel Queen by friends & colleagues alike. Traveling has been my life passion for the last decade or so. As we enter a new decade, I'm excited … more
Consider the Source

Use Trust Points to see how much you can rely on this review.

You
Sharrie
Your ratings:
rate more to improve this
About this topic

Wiki

The United States public debt is a measure of the obligations of the United States federal government and is presented by the United States Treasury in two components and one total:

  • Debt Held by the Public, representing all federal[1] securities held by institutions or individuals outside the United States Government;
  • Intragovernmental Holdings, representing U.S. Treasury securities held in accounts which are administered by the United States Government, such as the OASI Trust fundadministered by the Social Security Administration; and
  • Total Public Debt Outstanding, which is the sum of the above components.[2]

As of June 29th, 2011, the Total Public Debt Outstanding of the United States of America was $14.46 trillion and was approximately 98.6% of calendar year 2010's annual gross domestic product (GDP) of $14.66 trillion.[2][3][4] Using 2010 figures, the total debt (96.3% of GDP) ranked 12th highest against other nations.[citation needed]

The federal government's budget deficit should not be confused with the trade deficit, which is the difference between net imports and net exports. State and Local Government Series securities, issued by state and local governments, are not part of the United States government debt.[5] The deficit is presented on a cash rather than an accruals basis, although the accrual deficit provides more information on the longer-term ...

view wiki

Details

© 2014 Lunch.com, LLC All Rights Reserved
Lunch.com - Relevant reviews by real people.
()
This is you!
Ranked #
Last login
Member since
reviews
comments
ratings
questions
compliments
lists