This can't be the scene
But I am in the water
As far as I can see
--The Who
The IMF estimates that total borrowing requirements of key governments will amount to about $10.2 trillion in 2011. This would represent approx 27% of developed economy annual GDP.
As big as this number is, I'm inclined to take the 'over'...
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Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.
~Mark Kirk
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