Monday, April 11, 2011

True U.S. debt exceeds world GDP by $14 trillion

True U.S. debt exceeds world GDP by $14 trillion

WorldNetDaily.com ^ | A.D. 11 April 2011 | Editors

Posted on Monday, April 11, 2011 8:55:48 AM by Robert Drobot

As the Obama administration prepares to finance a Fiscal Year 2011 budget deficit expected to top $1.6 trillion, the American public is largely unaware that the true negative net worth of the federal government reached $76.3 trillion last year.
That figure was five times the 2010 gross domestic product of the United States and exceeded the estimated gross domestic product for the world by approximately $14.4 trillion.
(Excerpt) Read more at wnd.com ...

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