Originally Posted by numan
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Here is the situation that is shaking Europe:

Eurozone Government Deficits As a Proportion of GDP 2009[/b]

The figure for the United States is: [b]44% !

If the US dollar loses its status as the world oil currency, it is so screwed!

Are you certain that 44 percent figure is correct?

For FY 2009 the US GDP was about $14 trillion. 44 percent of that is $6.2 trillion. The US government's budget for the same year was $3.5 trillion. I don't see how a deficit can exceed the budget. Particularly since the tax revenues were about $2.1 trillion.

The budget deficit for FY 2009 was about $1.4 trillion. As a percentage of GDP that comes out pretty darned close to 10 percent, not 44 percent.

I used the wiki article on US federal budget for all of the figures above except for the GDP, which I got from google search "united states gdp" and google obligingly gave me a nice chart for the very first hit.


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