Economy Grew At Just 1.5% Rate In 2nd Quarter, Nation Added $2.33 In Debt For Every $1 In GDP
“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?
Posted on July 27, 2012