We're #1!............from Rico

We're #1! Bite THIS Zimbabwe!!

At ALL levels (federal, state. local and GSE's) the total US public debt is 141% of GDP.
- This puts the US in the company of Lebanon and Zimbabwe.

Include US household debt (the highest in the world at 99% of GDP) and corporate debt (also the highest in the world at 317% of GDP) and you get an "unprecedented" debt of 557% of GDP.

But it gets even better. Add the unfunded entitlement programs and we're at 840% of GDP! How's that for "unprecedented?"

This pretty much assures three things:
1. Our dysfunctional politicians will raise taxes to nose-bleed levels to "buy" some time.
2. Financial devastation.
3. IF the public ever figures out they've been baboozled, they're going to look for rope to string the politicians up!

So TAKE THAT, Zimbabwe! WE'RE NUMBER ONE!!!!! Obamanomics seems to have trumped Mugabenomics.....

ps - If you wonder what a US sovereign default will look like, watch Greece. If you can print your own money you cannot default/go broke, but you CAN destroy your currency.