(See Update below)
Debt held by the public after one-day all-time record addition to the total national debt of $328 billion ($188 bil of which went to debt held by the public: $12.117 trillion
Annualized third quarter estimated gross domestic product (assumes annualized growth of 1.5% in third quarter): $16.725 trillion
Estimated public debt to GDP ratio: 72.4%
Public debt to GDP ratio predicted by Congressional Budget Office in its 2013-2023 projections: 75.1%
Hmm. It looks like that awful shutdown might have cooled down the federal government’s spending a bit, even after its purchase and deployment of Barrycades. And that’s a bad thing?
UPDATE, Oct. 20: Actually, this difference is the result of a definitional tweak which added $471 billion to GDP. If it weren’t for that, the ratio would be slightly higher than 75 percent.