The United States Public Debt compared to US GDP

The "United States Public Debt" as it is officially known, is often in the Media called the "United States National Debt"

Data is gathered and numbers & the graph are automatically computed and plotted in real time , so this may take a while to load when internet traffic is heavy.

 

People usually have trouble comprehending the significance of the U.S. Public Debt in relation to the Gross Domestic Product (GDP), to which it is usually compared. The U.S. Gross Domestic Product is "the output of goods and services produced by labor and property located in the United States".

Below we show the two in comparison. The calculation and data sources are now displayed below the graphs.

The historic US Public Debt as a percentage of GDP, as well as control of Congress and the White House, is plotted below.

 
(Image from Wikipedia)

 

How the calculations are made:

1. According to the United States Treasury, the official value of the U.S. Public Debt as of (the most recent date the U.S. Treasury has calculated the debt) is $19,845,188,460,166.77 ($ 19.85 Trillion). This is what is plotted above as "US Public Debt".

2. According to the United States Bureau of Economic Analysis, the official value of the U.S. GDP is $0 ($ 0 Trillion). This is what is plotted above as "US GDP".

3. The historic is from the U.S. Office of Management and Budget.

Believe it or not, the U.S. Treasury does provide for people to make specific contributions to pay off the U.S. Public Debt. To see how  click here to go to the U.S. Treasury website and scroll all the way to the bottom..

To see why adding all of the world's silver to the U.S. Debt comparison does not make the debt look smaller, click here.

Related Links:

Modern Money Mechanics: A workbook on Bank Reserves and Deposit Expansion by the Federal Reserve Bank of Chicago

Talking Points on the Likely Consequences of Re-Establishment of a Gold Standard

$100 Trillion Dollar Solution

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