In fact, it's quite possible that he'll reach that milestone right after he's reelected.
If he's reelected.
If we still have a Gross Domestic Product.
If we still have a U.S. to call home.
The troubling news:
Exploding debt threatens AmericaNo need to worry though. I've given it a whole lotta thought and I've decided that our debt will never reach 100% of GDP. Global investors will lose confidence in American Treasury securities and the dollar will go into free fall long before that (oh, and your savings will become worthless virtually overnight, sorry).
By John Taylor, Financial Times
Under President Barack Obama’s budget plan, the federal debt is exploding. To be precise, it is rising – and will continue to rise – much faster than gross domestic product, a measure of America’s ability to service it. The federal debt was equivalent to 41 per cent of GDP at the end of 2008; the Congressional Budget Office projects it will increase to 82 per cent of GDP in 10 years. With no change in policy, it could hit 100 per cent of GDP in just another five years. [link]
But be happy. We'll always have Hope & Change.