The USA has the 16th highest debt/GDP ratio

[MarathonMike]

16. United States

Debt-to-GDP ratio: 233%
<<<<<
While the U.S. has added 16 percentage points to its total national debt, households have reduced debt by 18% and the financial sector by 24% since 2007. Government debt growth of 35% is the source of U.S. leveraging in the post-crisis period.
>>>>>>

Imagine that! Had Obama exercised even a modest amount of spending restraint, we could have actually REDUCED the national debt instead of pushing it to a level we may never be able to pay back. Hell if interest rates go up, we will be hard pressed to pay the interest on the debt.
FYI This is an excerpt from a McKinsey report on the 20 highest debtor nations.

 

[Jomama]

While the U.S. has added 16 percentage points to its total national debt, households have reduced debt by 18% and the financial sector by 24% since 2007.

But liberals remain convinced that more Government is the answer.

 

[Rshermr]

16. United States

Debt-to-GDP ratio: 233%
<<<<<
While the U.S. has added 16 percentage points to its total national debt, households have reduced debt by 18% and the financial sector by 24% since 2007. Government debt growth of 35% is the source of U.S. leveraging in the post-crisis period.
>>>>>>

[/QUOTE]
Imagine that! Had Obama exercised even a modest amount of spending restraint, we could have actually REDUCED the national debt instead of pushing it to a level we may never be able to pay back. Hell if interest rates go up, we will be hard pressed to pay the interest on the debt.
FYI This is an excerpt from a McKinsey report on the 20 highest debtor nations.

The fact is, me boy, that the national debt grows for multiple reasons. Not simply spending. In the case since the obama admin, it has been the revenue side. When you have unemployment like that of 2008, from the great republican recession of 2008, you can expect the ND to increase. As a percentage of GDP, which is what really matters, it has been declining for years.
Since we have had higher debt per gdp ratios before and never paid debt back, please let me know who you think people are going to pay back, me boy.

 

[waltky]

Debt & number of gov't. regulators goes up...

U.S. ‘Debt Held by Public’ Tops $14,000,000,000,000; Up 122% Under Obama
August 16, 2016 | The federal government’s “debt held by the public”—as opposed to its “intragovernmental debt”—has topped $14,000,000,000,000 for the first time in history, according to the latest numbers released by the U.S. Treasury.

As of the close business on Aug. 10, the “debt held by the public” was $13,987,862,462,404.79, according to the Treasury. By the close of business on Aug. 11, it had risen to $14,012,831,105,933.15. By close of business on Aug. 12, it had increased again, hitting $14,012,909,909,536.53. When President Barack Obama was inaugurated on Jan. 20, 2009, the federal government’s debt held by the public was $6,307,310,739,681.66. Since then, it has increased by $7,705,599,169,854.87—or 122 percent. According to the latest publicly released numbers, foreign entities and the Federal Reserve own a combined $8,743,956,000,000 in U.S. government debt held by the public---giving them ownership of 62.4 percent of the total.

U.S. Treasury's "debt to the penny" calculator, showing the results so far for August 2016.​

The other part of the federal debt—the “intragovernmental debt”-- closed the day on Aug. 12 at $5,390,094,670,446.31. That made the total federal government debt $19,403,004,579,982.84. The U.S. government debt held by the public largely consists of marketable Treasury securities, such as bills, notes and bonds. The “intragovernmental debt” is primarily money the Treasury has borrowed and spent out of government trust funds, such as the Social Security trust funds. A Congressional Research Service report published in February described and contrasted the debt held by the public and the intragovernmental debt as follows:

U.S. Treasury's "debt to the penny" calculator, showing the results for Jan. 20, 2009.​

“Individuals, firms, the Federal Reserve, state and local governments, and foreign governments are eligible to purchase publicly held debt. Such debt may be acquired directly through the auction process from which most publicly held debt is initially sold or on the secondary market if the debt is deemed “marketable”, or eligible for resale. “The total amount of publicly held debt outstanding was $13.673 trillion as of December 31, 2015. The majority of publicly held debt is marketable, and includes all Treasury Notes, Bonds, Bills, Treasury Inflation Protected Securities (TIPS), and Floating Rate Notes (FRNs) issued by Treasury. Non-marketable debt held by the public is comprised of U.S. Savings Bonds, State and Local Government State and Local Government Securities (SLGS), and other, smaller issues. “Intragovernmental debt is held by components of the federal government. Intragovernmental debt issuances are almost exclusively nonmarketable, as marketable debt comprised only $0.024 trillion (0.5%) of the $5.250 trillion in total intragovernmental debt on December 31, 2015. The majority of nonmarketable intragovernmental debt was held by trust funds devoted to Social Security and military and federal worker retirement.”

MORE

See also:

277,000: Fed Regulators Have More Than Quadrupled Since 1960
August 15, 2016 | Want to work in a field that has more than quadrupled in size since 1960? Consider being a regulator for the federal government. Even during the last recession, the regulatory agencies were hiring.

In 2015, the U.S. government employed more than 277,000 regulators. To put that number in perspective, it’s 50,000 more workers than General Motors Co. employs throughout the entire world. We’ve all heard of the regulatory agencies that constitute the “fourth branch” of government. It has cost our economy over $100 billion during the Obama administration. But it wasn’t always like this. We haven’t always lived in a world where unelected bureaucrats could fine a man $55,000 for taking photos of his friend’s art project.

Thankfully, Susan Dudley from George Washington University in Washington, D.C., and Melinda Warren from Washington University in St. Louis, Missouri, have tracked the growth of federal regulatory agencies, allowing us to see how we got into the predicament we’re in now. Using data from the annual federal budget, Dudley and Warren have recorded the number of federal regulators and the amount of taxpayer money given to them for each year since 1960. All monetary figures that they report are in inflation-adjusted 2009 dollars. While their data show federal regulation has exploded since 1960, it’s important to realize that they included only regulatory agencies that explicitly restrict business transactions in the private sector.

That means the 277,000 regulators they recorded in 2015 didn’t include anyone from the Internal Revenue Service, Social Security Administration, Defense Department, or the Centers for Medicare and Medicaid Services—even though these agencies account for roughly one-third of all final rulemaking actions in a typical year. However, even without these agencies, it’s apparent that the size of federal regulation is massive compared to what it once was. From 1960 to 2015, the amount of taxpayer money allocated to federal regulators increased by more than 1,800 percent, from $3.06 billion to $57.05 billion. The growth of federal regulatory agencies has not been limited to any particular field or industry.

MORE

 

[Rshermr]

Debt & number of gov't. regulators goes up...

U.S. ‘Debt Held by Public’ Tops $14,000,000,000,000; Up 122% Under Obama
August 16, 2016 | The federal government’s “debt held by the public”—as opposed to its “intragovernmental debt”—has topped $14,000,000,000,000 for the first time in history, according to the latest numbers released by the U.S. Treasury.

As of the close business on Aug. 10, the “debt held by the public” was $13,987,862,462,404.79, according to the Treasury. By the close of business on Aug. 11, it had risen to $14,012,831,105,933.15. By close of business on Aug. 12, it had increased again, hitting $14,012,909,909,536.53. When President Barack Obama was inaugurated on Jan. 20, 2009, the federal government’s debt held by the public was $6,307,310,739,681.66. Since then, it has increased by $7,705,599,169,854.87—or 122 percent. According to the latest publicly released numbers, foreign entities and the Federal Reserve own a combined $8,743,956,000,000 in U.S. government debt held by the public---giving them ownership of 62.4 percent of the total.

U.S. Treasury's "debt to the penny" calculator, showing the results so far for August 2016.​

The other part of the federal debt—the “intragovernmental debt”-- closed the day on Aug. 12 at $5,390,094,670,446.31. That made the total federal government debt $19,403,004,579,982.84. The U.S. government debt held by the public largely consists of marketable Treasury securities, such as bills, notes and bonds. The “intragovernmental debt” is primarily money the Treasury has borrowed and spent out of government trust funds, such as the Social Security trust funds. A Congressional Research Service report published in February described and contrasted the debt held by the public and the intragovernmental debt as follows:

U.S. Treasury's "debt to the penny" calculator, showing the results for Jan. 20, 2009.​

“Individuals, firms, the Federal Reserve, state and local governments, and foreign governments are eligible to purchase publicly held debt. Such debt may be acquired directly through the auction process from which most publicly held debt is initially sold or on the secondary market if the debt is deemed “marketable”, or eligible for resale. “The total amount of publicly held debt outstanding was $13.673 trillion as of December 31, 2015. The majority of publicly held debt is marketable, and includes all Treasury Notes, Bonds, Bills, Treasury Inflation Protected Securities (TIPS), and Floating Rate Notes (FRNs) issued by Treasury. Non-marketable debt held by the public is comprised of U.S. Savings Bonds, State and Local Government State and Local Government Securities (SLGS), and other, smaller issues. “Intragovernmental debt is held by components of the federal government. Intragovernmental debt issuances are almost exclusively nonmarketable, as marketable debt comprised only $0.024 trillion (0.5%) of the $5.250 trillion in total intragovernmental debt on December 31, 2015. The majority of nonmarketable intragovernmental debt was held by trust funds devoted to Social Security and military and federal worker retirement.”

MORE

See also:

277,000: Fed Regulators Have More Than Quadrupled Since 1960
August 15, 2016 | Want to work in a field that has more than quadrupled in size since 1960? Consider being a regulator for the federal government. Even during the last recession, the regulatory agencies were hiring.

In 2015, the U.S. government employed more than 277,000 regulators. To put that number in perspective, it’s 50,000 more workers than General Motors Co. employs throughout the entire world. We’ve all heard of the regulatory agencies that constitute the “fourth branch” of government. It has cost our economy over $100 billion during the Obama administration. But it wasn’t always like this. We haven’t always lived in a world where unelected bureaucrats could fine a man $55,000 for taking photos of his friend’s art project.

Thankfully, Susan Dudley from George Washington University in Washington, D.C., and Melinda Warren from Washington University in St. Louis, Missouri, have tracked the growth of federal regulatory agencies, allowing us to see how we got into the predicament we’re in now. Using data from the annual federal budget, Dudley and Warren have recorded the number of federal regulators and the amount of taxpayer money given to them for each year since 1960. All monetary figures that they report are in inflation-adjusted 2009 dollars. While their data show federal regulation has exploded since 1960, it’s important to realize that they included only regulatory agencies that explicitly restrict business transactions in the private sector.

That means the 277,000 regulators they recorded in 2015 didn’t include anyone from the Internal Revenue Service, Social Security Administration, Defense Department, or the Centers for Medicare and Medicaid Services—even though these agencies account for roughly one-third of all final rulemaking actions in a typical year. However, even without these agencies, it’s apparent that the size of federal regulation is massive compared to what it once was. From 1960 to 2015, the amount of taxpayer money allocated to federal regulators increased by more than 1,800 percent, from $3.06 billion to $57.05 billion. The growth of federal regulatory agencies has not been limited to any particular field or industry.

MORE

Here is the chart that shows what presidents oversaw the largest increases in the public debt. Notice all the red? And the red was primarily spending, where Obama was primarily lack of revenue, as unemployment resulting from the Great Republican Recession of 2008 created a huge problem.

If you want to see which president excelled in spending, here you go:


So growth in spending slowed under obama, even though he had to use stimulus to fight the unemployment created by the Great Republican Recession of 2009. But under any circumstance, he has been unable to match the spending of Republicans since Reagan.

 

[Toddsterpatriot]

16. United States

Debt-to-GDP ratio: 233%
<<<<<
While the U.S. has added 16 percentage points to its total national debt, households have reduced debt by 18% and the financial sector by 24% since 2007. Government debt growth of 35% is the source of U.S. leveraging in the post-crisis period.
>>>>>>

Imagine that! Had Obama exercised even a modest amount of spending restraint, we could have actually REDUCED the national debt instead of pushing it to a level we may never be able to pay back. Hell if interest rates go up, we will be hard pressed to pay the interest on the debt.
FYI This is an excerpt from a McKinsey report on the 20 highest debtor nations.

233% isn't even close. It's a bit over 100%.

United States Government Debt to GDP | 1940-2016 | Data | Chart | Calendar

 

[AntonToo]

233% isn't even close. It's a bit over 100%.

United States Government Debt to GDP | 1940-2016 | Data | Chart | Calendar

Good catch, I didn't even double check that number..I mean how brazen of bullshit can you post?

 

[Toddsterpatriot]

233% isn't even close. It's a bit over 100%.

United States Government Debt to GDP | 1940-2016 | Data | Chart | Calendar

Good catch, I didn't even double check that number..I mean how brazen of bullshit can you post?

I've seen liberals post more brazen BS.

 

[AntonToo]

I've seen liberals post more brazen BS.

Now now Todd, lets not spoil this rare and precious moment of agreement.

 

[Toddsterpatriot]

I've seen liberals post more brazen BS.

Now now Todd, lets not spoil this rare and precious moment of agreement.

I agree, liberals are worse.

 

[AntonToo]

I've seen liberals post more brazen BS.

Now now Todd, lets not spoil this rare and precious moment of agreement.

I agree, liberals are worse.

Ok now you did it! GRR!

show me OP where more brazen BS than this was posted, or retract.