Posted: March 21, 20119:17 pm Eastern By Jerome R. Corsi Â© 2011 WorldNetDaily
As the Obama administration prepares to finance a Fiscal Year 2011 budget deficit expected to top $1.6 trillion, the American public is largely unaware that the true negative net worth of the federal government reached $76.3 trillion last year.
That figure was five times the 2010 gross domestic product of the United States and exceeded the estimated gross domestic product for the world by approximately $14.4 trillion.
According to the U.S. Department of Commerce Bureau of Economic Analysis, U.S. GDP for 2010 was $14.861 trillion. World GDP in 2010, according to the International Monetary Fund, was $61.936 trillion.
Read more: True debt exceeds world GDP by $14 trillion http://www.wnd.com/?pageId=278017#ixzz1HKVASEAw