70% would be great news for Obama. Last year alone the Treasury issued debt of about 20% of GDP, only 1/8 of which was related to economic recovery.
The formal White House plan calls for the US to have a debt level somewhat higher than Greece's at the end of four years, probably above 160% at the end of 8 if he's re-elected.
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock