daffy

Wall Street Breakfast: Must-Know News

This is starting to get ridiculous folks . . .

FRE, PRU, HIG, MET?

Is it going to stop?

WE have to start paying attention. I took the data from bea.gov, and census.gov and mapped public debt, population growth and particularly per capita public debt over the last 100 years.

With the extra spending last year, and estimate additional 3 trillion this year with - 4% GDP, and -2% GDP for 2010 with 2 trillion in additional deficit spending in 2010. And flat GDP until 2015 with no deficit spending, our public debt (state, local and federal) will be 34 trillion dollars in 2015. That does not include any additional deficit spending and debt servicing costs.

Our per capita debt will double by the end of 2010 at 80K for every man, woman and child. Our federal debt will double in the same time period. Am I the only one who sees a problem with this?

If you want the xcel spreadsheet, just write. I was worried that my estimates were too high for additional spending, but it appears they may be too low.