2009-11-27

OSO's Debt Watch

GDP = $14.2663 Trillion (2009 Q3 second estimate)
Public Debt = $7.61135586846705 Trillion (2009-11-24)
Debt/GDP ratio = 53.35%
Population = 308,013,326 (Resident Population + Armed Forces Overseas, 2009-10-01)
Public Debt / person = $24,711.13
Tax Receipts = $2.104614 Trillion (Year-to-date, Monthly Treasury Statement, 2009-10-01)
Debt/Receipt ratio* = 361.65%

Notes:
In October 2008, the Debt/GDP ratio was 43.43%
In October 2008, Public Debt / person was $20,264.04
In October 2008, the Debt/Receipt* ratio was 231.82%

* The Debt/Receipt ratio measures year-to-date government revenue as a percentage of current public debt. A good way to compare it would be to compare your current income to what you owe on your mortgage.

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