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Wednesday, July 13, 2011

Invent-A-Venture: US debt to exceed size of the economy this year

Invent-A-Venture: US debt to exceed size of the economy this year: "GDP will top 102 percet this year, up from the earlier estimate of 96.4 percent.
Why the change?
Two factors are likely the biggest cause.
First, the White House's 2011 GDP estimate is $219 billion lower today than it was a year ago. So debt as percentage of a lower number will always look higher."

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