US Debt Clock
Posted by Preet on Aug 11, 2009 | 8 comments
The US Debt Clock which was installed on the face of a Manhattan building made headlines months ago because this second generation version of the original US debt clock had run out of capacity: it only had room for 13 digits (not including cents!). Since the US national debt surpassed $10 trillion, there are plans to replace it with a new version.
There is an online version of the US debt clock which keeps track of the debt on a real time basis and also features a whole slew of metrics such as the debt per person, the amount of debt held by foreign countries, private debt per citizen (think credit and mortgages), and so on. Below is a screen shot, but click on the picture (or here) to see the clock being updated in real time. Absolutely staggering stuff. Makes me want to decrease my allocation to US equities…
Related posts:
Wow, incredible. How long can that be sustained!
RE: August 12 2009 post
Are you kidding me? Were we at 10 trillion just three months ago? How do you spend a trillion every month and a half?!!??
Well, here is one of your answers. I just found out where 20.3 billion more U.S. are going.
Palestinian Islamic Refugees Coming to the US
By executive order, President Barack Obama has ordered the expenditure of $20.3 million in "migration assistance" to the Palestinian refugees and "conflict victims" in Gaza. The "presidential determination" which allows hundreds of thousands of Palestinians with ties to Hamas to resettle in the United States, was signed and appears in the Federal Register.
The order provides a free ticket replete with housing, transportation and food allowances to individuals who have displayed their overwhelming support to the Islamic Resistance Movement (Hamas) in the parliamentary election of January 2006.
To verify this for yourself: www.thefederalregister.com/d.p/2009-02-04-E9-2488
@Alex - I think you may be thinking of I.O.U.S.A.? I haven't seen it, but others have mentioned it is worth watching...
Did anyone see the movie about US debit? Just forgot the name - it was about US Debt, China who owns US Debt etc? What was that movie title?
Wow, check out the unfunded liabilities per person. $191k! Yikes.
I recently watched an interesting documentary called I.O.U.S.A. which featured a segment about the debt clock. It's an interesting watch - I'd reccomend it.
Wow, 10 trillion dollars. It is just impossible to comprehend that quantity of money. Debt seems to be some sort of bad disease and the US has certainly caught that one. Very cool to see the breakdowns of debt and such.
Trackbacks
Follow Preet for free
+ followers on Twitter
1489+ Email suscribers
492+ Facebook fans
2902+ RSS feed readers
[...] at WhereDoesAllMyMoneyGo wrote about the US Debt Clock and how the real one ran out of digits… [...]
[...] who supposedly “know better”, what lead to hyper government deficits (check out the debt clock), lack of regulatory supervision over bankers and a poorly designed social security system in the [...]
[...] Where Does All My Money Go illustrates the US Debt Clock. [...]
[...] [...]
[...] US Debt Clock : WhereDoesAllMyMoneyGo.comThe US Debt Clock which was installed on the face of a Manhattan building made headlines months ago because this second generation version of the original US debt clock had run out of capacity: it only had room for 13 digits (not … Read more [...]
[...] of the original US debt clock had run out of capacity: it only had room for 13 digits (not … Click for more Published: September 9, 2009 « Previous Post Next Post [...]