GDP = $14.3015 Trillion (2009 Q3 advance figures)
Public Debt = $7.58837393303829 Trillion (2009-11-10)
Debt/GDP ratio = 53.06%
Population = 308,013,326 (Resident Population + Armed Forces Overseas, 2009-10-01)
Public Debt / person = $24,636.51
Tax Receipts = 2.104614 Trillion (Year-to-date, Monthly Treasury Statement, 2009-10-01)
Debt/Receipt ratio = 360.56%
Note: In October 2008, the Debt/GDP ratio was 43.43%
I have begun to include the "debt/receipt ratio". The idea is that you measure annual income against debt in the same way as you would compare a company's level of net debt compared to their income. This will be measured as year-to-date tax receipts compared to the current level of public debt. By way of comparison, here are the results from 12 months ago:
Tax Receipts on 2008-10-01: $2.523858 Trillion (also see here)
Public Debt on 2008-10-01: $5.85079125496739 Trillion
The Debt/Receipt ratio on 2008-10-01 was 231.82%
Public Debt = $7.58837393303829 Trillion (2009-11-10)
Debt/GDP ratio = 53.06%
Population = 308,013,326 (Resident Population + Armed Forces Overseas, 2009-10-01)
Public Debt / person = $24,636.51
Tax Receipts = 2.104614 Trillion (Year-to-date, Monthly Treasury Statement, 2009-10-01)
Debt/Receipt ratio = 360.56%
Note: In October 2008, the Debt/GDP ratio was 43.43%
I have begun to include the "debt/receipt ratio". The idea is that you measure annual income against debt in the same way as you would compare a company's level of net debt compared to their income. This will be measured as year-to-date tax receipts compared to the current level of public debt. By way of comparison, here are the results from 12 months ago:
Tax Receipts on 2008-10-01: $2.523858 Trillion (also see here)
Public Debt on 2008-10-01: $5.85079125496739 Trillion
The Debt/Receipt ratio on 2008-10-01 was 231.82%
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