Economic Collapse, Economy, Egan Jones, Federal Deficit, GDP, Government funding, Government Waste, obama, Obama Administration, Obama doctrine, Obama's legacy, Power Grab, Standard & Poor's, Thugs, USA
PUBLIC DEBT: $11,917,003,287,671
PUBLIC DEBT PER PERSON: $37,952.73
PUBLIC DEBT AS % OF GDP: 76.3%
TOTAL ANNUAL DEBT CHANGE 13.9%
“…In a move that could foreshadow decisions from larger agencies, Egan-Jones downgraded the US to AA from AA+.
The company on Thursday cited ‘the lack of any tangible progress on addressing the problems and the continued rise in debt to GDP.’
‘For the first time since WWII, US debt exceeds 100 percent,’ analysts said, predicting that would rise to 106 percent by the end of the year, calling that an ‘inflection point….'”