National Debt Clock

Click on graph to activate real time data;  hover over any number category for explanation which is shown near the top of the graph.  Note the tab buttons at the bottom of the graph that provide other data and sources of information.  Also make sure to visit the tabs in the upper right  corner that provide historical data and projections into the future.  In the upper left corner, the tabs provide data by state, and world data.

See additional commentary by clicking on the green (more) button immediately below to the left.  Read the commentary first, then click on the usdebtclock to put it into realtime mode. 

http://www.usdebtclock.org/ (click here or picture for updated live version in real time.)

Note:  the box in lower right corner shows the unfunded liability for social programs* for each individual American Taxpayer is greater than $1,013,000.  *Social programs include social security, medicare, and drugs. [Social programs as used here, exclude Medicaid and the cost of Food Stamp programs for 44 million Americans, as well as trillions of dollars of pension benefits for state, local and the federal government.  For example, it excludes the huge hidden pension and other benefits provided to members of Congress and the Senate.]

Also note that the Real Debt is about $165.7 Trillion.*  This represents more than $1,506,000 per taxpayer. If you reflect for a moment on this single statistic, you should realize that it is absurd and that the economy is broken. 

* total debt taken from above graph includes $111.4 trillion unfunded benefit programs,  $13.7 trillion of federal debt, $1.1 of state debt and $32 billion of household debt and corporate debt. 

The total assets of the USA is only $69 trillion.  

One should be able to conclude that taxing the rich is not the answer;  The rich do not have enough money.  The USA must cut expenses, like ordinary folk who cut expenses when spending in relation to income is too high. 

 Here come the BABY BOOMERS ........... the 76-million American babies born between 1946 and 1960 ............... They will begin turning 65 years of age in 2011 causing some respected Economists to dare to say that THE END IS NEAR:

for (1) MediCare and (2) MedicAid and (3) Social Security ......... !!!

THE CLOCKS IN THE ABOVE GRAPH PROVIDE EXPLANATORY NOTES WHEN YOU HOVER YOUR MOUSE OVER AN ITEM.  KEEP YOUR EYE ON THE INTEREST PAYMENTS ON THE DEBT.  ALTHOUGH CURRENTLY RUNNING AT $300 BILLION;  IT WILL SOAR TO MORE THAN A TRILLION OR TWO OR THREE  OR MORE WHEN DR. BERNANKE HAS TO START RAISING INTEREST RATES ON OBAMA.

This Real-Time METER displays many important numbers as they are actually growing, but the two most critical numbers are the red number at the top of the METER that is labeled US NATIONAL DEBT and the red number near the bottom of the METER that is labeled US UNFUNDED LIABILITIES. Many of us prefer to call these two numbers the "POSTED DEBT" and the "PENDING DEBT," respectively. The PENDING DEBT captures the debt in float as the BABY BOOMERS begin to turn 65 and make their relentless claims on MediCare and Social Security.


Brophy Tuesday 08 May 2012 - 12:13 pm | | Brophy Blog

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