The United State may be giving it their all at the Olympics, but our preformance back home is another story. At no point in time, even shortly following WWII, has the amount of debt we have in relation to the size of the economy (GDP) been as large as it is this year. Take a look at our latest infographic above to see the Olympic size debt that we have put ourselves in.
As Europe tries to work out its debt crisis, the Olympics are well underway in London. Uncertainty regarding the future economy remains on the world’s leaders’ minds as nations compete. Here in the U.S., the federal debt is rapidly approaching $16 trillion and people still struggle to find work under a stagnant economy.
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“The Olympics have just started and the Greeks are already 14 medals in debt.” –Conan O’Brien
The Olympics are in full swing in London, and American athletes are going for the gold. Unfortunately, here in Washington, it seems our leaders are settling for silver, says Public Notice Executive Director Gretchen Hamel in a new Politico op-ed. Hear more from Gretchen on 970 WFLA’s AM Tampa Bay.
As America’s national debt skyrockets to near $16 trillion, a new cartoon from Bankrupting America highlights how Washington’s reckless spending is undermining our economic competitiveness and making us more depending on other nations than ever before.