The US Debt Clock - 16 Trillion Dollars today

By
Real Estate Agent with Carmody and Associates LLC

The US Debt Clock, a real time representation of our basic debt components, will click over to show $16 Trillion today during the running of the Democrat National Convention - a bit of irony there. 

You will note that that number exceeds our total US Gross Domestic Product.  Both numbers are indicated by red arrows on the graphic.  

For those of you who would like to see the website - perhaps display it in your bedroom <link here>  (Well it keeps me up at night... why not put it in the bedroom ?)  The link is always on offer in my links section on the right side of my page here in Active Rain.

Enjoy the DNC.  Sleep well tonight.

 

US Debt Clock

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Comments 14 New Comment

Ambassador
1,304,124
Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Curious if anyone celebrates, or is ecstatic. We  are moving fast. The questionable part is the direction

September 04, 2012 10:16 PM
Rainmaker
376,880
Karl Hess
on The Jersey Shore
Keller Williams Ocean County

Not to beat this dead horse again; would someone please show me any significant spending increase by the Obama Administration outside of of the stimulus and the extension of unemployment benefits. 

September 05, 2012 05:05 AM
Rainmaker
159,856
Satar Naghshineh
Satar - Amiri Property and Financial Services Corp.

Karl - Bottom line is that we take in 2.2 trillion and spend at least 3.6 trillion (last I checked). No one in government is addressing this. All proposed spending cuts are in reference of cuts in future spending increases.

http://www.usgovernmentspending.com

September 05, 2012 09:07 AM
Rainmaker
354,131
Ted Baker
MidFloridaMediation.com
Carmody and Associates LLC

An insignificant item, but representative, would be the white house staff (senior staff, I assume) that received salary increases in the range of 40% while the country was suffering about a year and a half ago.

When we are borrowing 42% of every dollar we spend from people who don't like us, it is appalling to me that the President cannot show enough concern and leadership to get a budget through congress while he is in office so that the nation can discuss spending priorities.

My measure is not how much spending - but how much borrowing. 

It sounds like I may want to do a post on this.  Karl, fell free to email me with any links you want me to look at.  I have seen articles which indicate that spending increases are not as high as assumed, so I will dig a little deeper - and we will talk again - soon

 

September 05, 2012 12:30 PM
Rainmaker
110,366
Chuck Mixon
Cutler Bay Specialist
The Keyes Company

Very good article. I think the average America can't grasp the number because they are too big for them to comprehend. A better way to look at it is on a household level the GDP is you annual income and the Fed. Debt is you Credit Card. when you Credit Card exceeds your annual income( As it does today) it will not get paid off in normal terms.

We have only two ways to solve the problem, Default or Inflate. With Default no one wins, Borrower and Lender both lose. I think this country with take the route of inflation in the form of QE1, QE2 and now talks of QE3.

I expect interest rate to rise in 2014 and housing price to soften again because rates on the rise.

September 08, 2012 06:26 AM
Rainmaker
354,131

Ted Baker

MidFloridaMediation.com
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Additional Information

Ted Baker Carmody and Associates LLC

Blog title: Sound and Fury is from Shakespeare's Macbeth. The quote: "It is a tale told by an idiot, full of sound and fury,
signifying nothing."

Disclaimer: The opinions expressed here are my own and do not necessarily represent the views of my employer or any group with which I may be affiliated.

Twitter ID @webted2