Relevant:
- The Congressional Budget Office does a US fiscal crisis
- Federal Government's Debt Jumps More Than $1T for 5th Straight Fiscal Year
- The IMF Is Worried About the World's $152 Trillion Debt Pile
- Federal deficit on track for a record this fiscal year
- The US government lost nearly $1 trillion this past fiscal year. Again.
2010-07-28 — cbo.gov
"Over the past few years, U.S. government debt held by the public has grown rapidly. According to CBO’s projections, federal debt held by the public will stand at 62 percent of GDP at the end of fiscal year 2010, having risen from 36 percent at the end of fiscal year 2007, just before the recession began. In only one other period in U.S. history—during and shortly after World War II—has that figure exceeded 50 percent."
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