Economy Grew At Just 1.5% Rate In 2nd Quarter, Nation Added $2.33 In Debt For Every $1 In GDP

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Written By:
Rob Port

Jul 27, 2012
11:10am

“The worst economic recovery in history.”

Meanwhile, per Zero Hedge, America added $2.33 in national debt for every $1.00 in GDP in this same time period:

Visit the Zero Hedge link for a graphical representation of debt growth outpacing GDP growth. Our debt is now worth more than our entire economy.

But we just have to tax the rich, right?