The Austerians will come in with their lies and crash Gross Domestic Product.
They will be followed by the Inflationistas and their lies.
If one has even a grade school grasp of economics this is a terrifying graph.
It was bad enough back in the day when we presented the comparison in terms of percentage growth of debt and GDP. When the presentation is in dollars...
From ZeroHedge:
Presented without much commentary, because little is necessary: the only ratio that matters for the US economy, the change in US public debt ($359.1 billion) and US GDP ($142.4) in the first quarter, hit 2.52x and rising.
It takes $2.52 in new debt to "buy" $1 of economic "growth"
Source: Debt to the Penny, Commerce Dept
