2009-01-16

OSO's debt watch

Public Debt on 2009-01-14 was $6.29 Trillion



US GDP in 2008 Q3 was $14.41 Trillion



Debt/GDP Ratio: 43.63%
( [Debt ÷ GDP] x 100 )



Public Debt/Person: $20,553.13
(Public Debt ÷US Population)



2009-01-14|$6.29Tr|43.63%|$20,553.13
2009-01-06|$6.32Tr|43.84%|$20,651.62
2008-12-30|$6.32Tr|43.86%|$20,664.55
2008-12-17|$6.42Tr|44.52%|$20,978.60
2008-12-10|$6.41Tr|44.45%|$20,952.05
2008-12-03|$6.43Tr|44.62%|$21,030.96
2008-11-26|$6.40Tr|44.38%|$20,936.85
2008-11-19|$6.36Tr|44.07%|$20,820.19
2008-11-12|$6.36Tr|44.07%|$20,821.75
2008-11-05|$6.30Tr|43.68%|$20,632.59
2008-10-29|$6.25Tr|43.73%|$20,459.01
2008-10-22|$6.19Tr|43.32%|$20,264.04

Sources:
Public debt is $6,288,674,179,920.54 Source
Latest GDP is $14,412.8 billion Source
Population in November 2008 is 305,971,664. Source (Resident population plus armed forces overseas).

Notes:
  • 2008 Q4 GDP will be released on 30-Jan-2009. I am expecting a significant decline for this quarter.

3 comments:

One Salient Oversight said...

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Reuben Kincaid said...

So why is the debt per person rate going down? Exchange rate flucuations??

One Salient Oversight said...

The actual debt as reported by the official website has been fluctuating, which affects debt per person.

There's probably a few reasons for this:

1) Increased federal tax revenue at Christmas time has led to some debt being paid off. This effect (more tax revenue than spending) is seasonal and therefore likely to reverse the further away from Christmas we get.

2) Low interest rates have lowered debt repayments, thus lowering the amount of money that the US Government has to pay on its debt.

3) Keeping huge deficit spending (ie the big bailout for the banks) on a different "account" than the public debt listed.