Friday, July 27, 2012

Q2 2012 Anemic GDP Nearly Swallowed Whole By June's Debt Service Payment

WTOP reports the annualized dollar figure for Q2 2012 GDP at almost $118 billion, here:


Current-dollar GDP increased at an annual rate of $117.6 billion in the second quarter to $15.6 trillion.

Unfortunately, interest payments on the public debt swelled in June to nearly $104 billion:














The debt service shark just chomped the thing down, leaving the head and shoulders on the beach.