The Public Debt and GDP are shown above as of Friday, January 7, 2010. We are now well above the 100% level as we had predicted. It continues to grow unabated and despite the "predictions" from our economic engineers from Berkeley, Harvard, Princeton and the like, we keep sinking deeper.
This is a depiction of the growth we are having. We are flatlining at 10%+ annual growth in debt and from this base that is terrifying.
Despite all the complaining of SSI and the like that portion is growing slowly, it is the payments to unions and special interests which dominate the numbers as we see above.
Hopefully 2011 sees some improvement.
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