cuts:
85 bn
explicit debts only:
16700 bn (
http://www.brillig.com/debt_clock/)
GDP 2012:
15200 bn (mean value from IMF, WB, CIA)
US debts since 2007 grow by 3.7 bn
per day.
The cut now represent a meager 0.50% of the total implict debt, and a meager 0.56% of the 2012 GDP. That puts the hype about the sequester a bit into relation, I think. - The pentagon recently has placed last-minute contracts worth 500 bn for the F35. That represents 3.3% of the 2012 GDP.
Debts cannot be driven back by spending more than before and making new debts.
The
implicit debt btw is calculated to be 800-1250% of the explicit debt. The according numbers would be this:
16700 bn explicit debts
133600 bn if counting 800% implicit debts.
208750 bn if counting 1250% implicit debts
The latter 208 trillion in full writing, since it looks so impressive:
208,750,000,000,000
One can start using scientific notation with these dimensions. 2.0875*10^14
To me that number is a very clear and convincing definition of total bankruptcy. Claiming differently compares to claiming that a 100 kiloton nuke is no bomb, or that the sun sheds no light.
The estimated number of suns in the milky way btw is said to be in the low hundred billions. Throw one dollar into each sun, and when you are done with the galaxy, you still will have plenty left.
85,000,000,000 in cuts now - wowh, that is four decimal places less!