Nominal GDP |
With these new numbers in place, my zero hour debt chart is being reformed to this.
You can see the large drop there, meaning that debt has actually dropped due to the debt limit.
Zero Hour Debt |
Second, with these new GDP numbers, the debt to GDP ratio has declined by 3%. It isn’t 105% anymore, but is now 105/(100+3) = 102%.
Good work in fudging the numbers, Ben.
(also note that stocks are now seemingly 3% less overvalued)