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<p>[QUOTE=&quot;Hawkwing74, post: 1300173, member: 30896&quot;]I would like to see a side by side comparison of US total debt/GDP from 1945 and now. US total debt (Federal, state, local, personal) is now 363% of GDP. It has increased in 11 years from 276% of GDP. </p><p><br /></p><p>Here&#039;s what google returns:</p><p><a href="http://www.dailymarkets.com/economy/2010/07/21/the-total-us-debt-to-gdp-ratio-is-now-worse-than-in-the-great-depression/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.dailymarkets.com/economy/2010/07/21/the-total-us-debt-to-gdp-ratio-is-now-worse-than-in-the-great-depression/" rel="nofollow">http://www.dailymarkets.com/economy/2010/07/21/the-total-us-debt-to-gdp-ratio-is-now-worse-than-in-the-great-depression/</a></p><p><br /></p><p>Yeah, it&#039;s worse than the Great Depression or World War II. What this means is everyone is going to want to raise taxes. The Federal Government, the states, the cities. Where does all the money come from? If the debt is too big it can&#039;t be paid. It will be defaulted, restructured, or inflated.</p><p><br /></p><p>The only good thing for the US right now is our debt is deemed safer than that of most other countries, especially the PIIGS.[/QUOTE]</p><p><br /></p>

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