US Debt Clock
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…
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Comment by Cam Birch on 12 August 2009:
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.
Comment by Sean on 12 August 2009:
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.
Comment by Patrick on 12 August 2009:
Wow, check out the unfunded liabilities per person. $191k! Yikes.
Pingback by Canadian Personal Finance Blog » Blog Archive » Random Thoughts: TGIF on 14 August 2009:
[...] at WhereDoesAllMyMoneyGo wrote about the US Debt Clock and how the real one ran out of digits… [...]
Pingback by Thicken My Wallet » Blog Archive » Financial independence is taken not given on 14 August 2009:
[...] 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 [...]
Pingback by Weekend Reading – August 14, 2009 | Financial Freedom on 14 August 2009:
[...] Where Does All My Money Go illustrates the US Debt Clock. [...]
Comment by alex on 21 August 2009:
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?
Comment by Preet on 21 August 2009:
@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…
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Pingback by Us Debt Clock | FTP2FTP News on 25 August 2009:
[...] 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 [...]
Pingback by US Debt Clock : WhereDoesAllMyMoneyGo.com on 9 September 2009:
[...] 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 [...]
Comment by HolySmokes on 16 November 2009:
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?!!??