IMF: U.S. debt nearing 100 percent of GDP

[Bindare_Dundat]

The U.S. national debt will soon reach 100% of GDP, the IMF predicts in a new report.

The following graph shows the sharp rise in U.S. debt starting in around 2006. By 2015, the IMF suggests, debt could reach well over 100% of GDP.



The IMF predicts that the U.S. would need to reduce its structural deficit by the equivalent of 12% of GDP, a much larger portion than any other country analyzed except Japan. Greece, in the midst of a financial crisis, needs to reduce its structural deficit by just 9% of GDP, according to the IMF's analysis.

"There are some risks to the CBO estimates, however, including that the substantial decrease in Medicare payment rates to health care providers may prove difficult to implement," the report reads.


President Obama has established a fiscal commission to make recommendations on addressing the nation's fiscal woes.


Earlier this week, former President Clinton suggested letting more immigrants into the country and establishing a value-added tax to reduce the deficit.

[Soul Crusher]

But but but - 240 was screaming at me how succesful the bailouts and stim bill were.      

[240 is Back]

I'm just repeating what three of the top republican senators have said this week.

[Soul Crusher]

Instead of taking what politicians tell you as gospel perhaps you should think for yourself on these issues.

[Soul Crusher]

Instead of taking what politicians tell you as gospel perhaps you should think for yourself on these issues.

[240 is Back]

Does this nullify every quote from a politician you have made where Obama is criticized?

Or are those cool because you agree with them?? 

[Soul Crusher]

Show me one post I have ever made where my primary argument was based on the words of a member of the republican or dem party. 

Sorry 240 I don't buy into a word these thieves say and know enough to make decisions and ocnxlusions myself as to the truth.  You should spend less time listeining to these pols and more time informing youself on the reality behind many of these issues.