For the second consecutive month, the USA's debt burden decreased, this time to 64.6%, from last month's 64.9%. Reason: GDP has been growing at a faster rate than the federal debt has been growing. By the way, the Bureau of Economic Analysis says real GDP is growing at 3.48%, but I think 3.62% is a better projection, based on the "2-Quarter Climbing Limo" forecasting model I discovered a few weeks ago.
Below is this month's National Debt Thermometer. (Note: The CIA has updated their World Factbook; as a result, several countries' debt burden percentages have changed slightly. As always, I'm using the latest numbers I can find from the OECD or the CIA World Factbook.)
Click to enlarge.
[Origin of National Debt Thermometer]
[Full history of USA's debt burden]
