Reply #10: US GDP is about $11 trillion, the annual deficit, let's say $400 billion [View All]

That's about 3.5%.

But, I agree with previous posters, it's the total debt and the total amount of tax revenue that goes to paying off the debt that's important. BTW, since Social Security is running ahuge surplus riight now, that's making the total deficit look smaller than it actually is. The government is increasing it's debt by borrowing against the SS surplus; yet counting the SS surplus as a reduction in the deficit.

One other thing, our debt is largely financed by foreigners; and I think the biggest lender right now is the Chinese government. On top of losing essential industries to China, we are dependent on them to finance our government. The Chinese government has the power to cause a financial catastrophe in the US. How's that for a national security blunder?