2010-02-12

OSO's Debt Watch

GDP = 14.4634 Trillion (2009 Q4 Advance estimate)
Public Debt = $7.84075021334220 Trillion (2010-02-10)
Debt/GDP ratio = 54.21%
Population = 308,833,264 (Resident Population + Armed Forces Overseas, 2010-01-01)
Public Debt / person = $25,388.30
Tax Receipts = $2.044758 Trillion (Year-to-date, Monthly Treasury Statement, 2009-12-31)
Debt/Receipt ratio* = 383.46%

Notes:

Monthly Treasury Statement for January is late due to "Snowmageddon" in Washington

In October 2008, the Debt/GDP ratio was 43.43%
In October 2008, Public Debt / person was $20,264.04
In October 2008, the Debt/Receipt* ratio was 231.82%

* The Debt/Receipt ratio measures year-to-date government revenue as a percentage of current public debt. A good way to compare it would be to compare your current income to what you owe on your mortgage.




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