Jan
20th
Wed
20th
$16 Trillion Of Gross Government Debt Issuance In 2010 In OECD Countries
I had been looking for this number for a while:
The Organisation for Economic Co-Operation and Development estimates that gross government debt issuance for its member countries will stabilize at about $16 trillion this year, similar to 2009. That compares to gross debt issuance of $12 trillion in 2008 and $9 trillion in 2007.
OECD countries generate $40 trillion GDP a year, so there are raising or rolling over 40% of their GDP a year.
Turn on the printing press!
