http://lettexansruntexas.com/uncategorized/the-federal-government-is-on-an-unstable-path/ Let Texans Run Texas – Congressman John Culberson’s blog Wed, 08 Sep 2010 23:45:52 +0000 http://wordpress.org/?v=2.6.2 http://lettexansruntexas.com/uncategorized/the-federal-government-is-on-an-unstable-path/#comment-1302 health quote Sat, 06 Mar 2010 17:24:23 +0000 http://lettexansruntexas.com/?p=117#comment-1302 "By 2020, the agency estimates debt held by the public would reach $20.3 trillion, or 90% of GDP." We are on an unsustainable path. It will never get there. Public debt of the United States: ~$8 trillion - Federal public debt ~$4.5 trillion - Intergovernmental Holdings ~$2 trillion - State and local governments. Total = ~$14.5 trillion We are already over 100% GDP. “By 2020, the agency estimates debt held by the public would reach $20.3 trillion, or 90% of GDP.” We are on an unsustainable path. It will never get there. Public debt of the United States: ~$8 trillion - Federal public debt ~$4.5 trillion - Intergovernmental Holdings ~$2 trillion - State and local governments. Total = ~$14.5 trillion We are already over 100% GDP.

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