Apr 2006 GDP growth jumps significantly, reduces USA’s debt burden

This month’s GDP estimate (by the Bureau of Economic Analysis) resulted in a significant upward revision of our economy’s growth rate.  That’s good news, and I have recalibrated the new Debt Clock accordingly (see top right of this blog). 

Here are the latest numbers.  I'm still using the two-quarter method for estimating growth, because it has been more reliable than the one-quarter method used by the BEA.

When the economy grows faster than the debt grows, our debt burden drops.  I like it when that happens.

[UPDATE: Click here for a brief, explicit summary of the math.]