US government debt to exceed size of the economy this year

posted by
June 9, 2011
Chicago Tribune    
Posted in News

"A recent Treasury report noted that national [sic] debt will exceed the size of the economy this year -- a first since World War II. A year ago, the Treasury had estimated that notorious record wouldn't be hit until 2014. Now the expectation is that total debt to GDP will top 102 perce[n]t this year, up from the earlier estimate of 96.4 percent." (06/08/11)  


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