In readings from other economic indicators, the ratio of government debt to gross domestic product (GDP) is likely to peak at around 80% in 2014 and may remain at that peak level through the rest of the decade.
 
As well, the debt ceiling has already been reached by the Treasury and that will be the next Congressional confrontation.
 
An increase in the debt ceiling could be approved as soon as mid-February and Republicans are reportedly planning to use the vote as a tool to force cuts in entitlement programs such as Medicare.
 
Yields on US Treasury 10-year bonds has fallen 72 basis points since the US credit rating was cut to AA+ on August 5, 2011.
 
We'll see how these numbers stack up against the Department of Labor report says tomorrow--Friday, January 4.

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