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U.S. National Debt Clock : Real Time

Posted by XenokRoy 5 years, 1 month ago to Economics
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I think everyone likely knows about this site. It is a good one if you do not. Its been a while since I looked at it and they have added some percent increases based on a year 2000 baseline. Made it an interesting look over again.
SOURCE URL: http://usdebtclock.org/


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  • Posted by edweaver 5 years, 1 month ago
    I review this periodically mostly for a reality check. The national debt is scary enough but 2 things that tell me we are headed for a world of hurt is the fact that personal debt is still climbing and the total liability per taxpayer is almost $843,000 including unfunded liabilities. IMHO this does not end well.
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    • Posted by 5 years, 1 month ago
      Yes there was a short period, about a year and a half where individual debt declined. It did not take long for most to go back to the spending ways.

      The other really interesting thing to me is the decline in average income in recent years.
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    • Posted by term2 5 years, 1 month ago
      It will end by cancelling out all wealth and debt denominated in US dollars, and we all start over with new paper money
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      • Posted by $ nickursis 5 years, 1 month ago
        I do think you have the right idea, they will take all the worldwide debt, and "restructure" it under a single currency, and start the whole cycle all over again. I don't think it will go well, but they are too committed to the tit to let go.
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        • Posted by term2 5 years, 1 month ago
          A good series on Netflix now is JERICHO. Terrorist bombs took down the US government, and it restarted again with new currency. You turned in whatever you physically had of the old currency, and all debts were wiped out.
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          • Posted by $ nickursis 5 years, 1 month ago
            I like that idea, get rid of fiat for something of real value, but they need to outlaw politicians who would just screw up the new one....
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            • Posted by term2 5 years, 1 month ago
              Imagine what that would do to retirees who though they had saved enough, only to find out they were penniless. Same thing for companies who thought they had some buffer savings only to find out they had nothing. UNLESS of course people or companies were totally underwater and would then get a windfall through debt relief. Maybe I should be really bad and go get into heavy duty debt now.....
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              • Posted by 5 years, 1 month ago
                Good Point,

                But rather they plan it or natural market reactions make it happen it will happen. The natural market reaction would be sever deflation which would be the right way as it rewards people who saved and punishes the deters. The fed is doing everything it can to keep deflation away because well its bad for you when you have 18.8 trillion in debt.
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      • Posted by edweaver 5 years, 1 month ago
        But that won't solve the problem or it will create bigger problems which is what I meant by paid for in blood.
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        • Posted by term2 5 years, 1 month ago
          It will just allow the total collapse to occur when the government cant hide it any longer. It will be very bad for all of us. I agree about the blood part- the 'entitled' people will riot big time and take whats left that the government couldnt get.
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    • Posted by jdg 5 years, 1 month ago
      This is why I'm convinced the debt will never be paid, unless it's by runaway inflation.
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      • Posted by edweaver 5 years, 1 month ago
        You may be right. Personally I think it will be paid but it may be with blood not gold. I just don't see it continuing indefinitely.
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        • Posted by 5 years, 1 month ago
          In the book "The Death of Money" the author sees it being paid, basically assumed by the IMF in exchange for global currency. I think he is right as it will give them another 50 years or so of the funny number accounting before that system is dying as well.
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  • Posted by freedomforall 5 years, 1 month ago
    Disgraceful and traitorous.
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    • Posted by $ allosaur 5 years, 1 month ago
      That's what Candidate Obozo said about Bush before he became presidebt and virtually doubled the National Debt.
      Oh, I'm sorry, what Smiley went and did is all Bush's fault.
      So Cloward and Piven never mind I brought that up for a fundamental change of anything..
      And y'all don't forget about banana republic exceptionalism now.
      Yeah, we ain't so hot and sorely deserve to be taken down several pegs for the sins of our fathers.
      Just ask the Chairman-In-Chief.
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      • Posted by freedomforall 5 years, 1 month ago
        While I agree with what you said that Obozo said about Bush, I wasn't blind to the reason he said it.
        The majority of Americans don't deserve the betrayal of liberty evident by every president in recent history. If only they would wake up from the propaganda nightmare and use reason to recognize the truth.
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        • Posted by $ allosaur 5 years, 1 month ago
          I was opposed to Bush jacking up the debt to save any so-called "too big to fail."
          At about that time I recall Glenn Beck pointing out a stock market crash of 1920 that libs like to ignore.
          The federal government acted like big business was none of their business.
          Big business sorted itself out during 1921 and then came the Roaring Twenties.
          When the stock market crashed again in 1929, big government got involved with big business and the Great Depression dragged on and on and on . . .
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          • Posted by $ nickursis 5 years, 1 month ago
            Bingo. Proof there is no disaster they cannot manipulate for their own purposes, to establish more control over the people. That all led to the huge net of tangled strings we all live with today.
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            • Posted by $ allosaur 5 years, 1 month ago
              I never thought of the 1929 Crash in that light for it happening so long ago.
              Until now.
              Wow, good point.
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              • Posted by $ nickursis 5 years, 1 month ago
                Almost every major issue in the 20th century was manipulated for the government to acquire more power and authority, it may even go back to the Civil War. We have been losing bits and pieces in such a way that people have been unable to keep track of it all, which seems to be someones plan.
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                • Posted by 5 years, 1 month ago
                  Nickursis,

                  It does go back to just after the civil war.

                  In 1873 the government started to massively fund, and propagandize the railroad industry, making Vanderbilt a vilian while his rates were less than half, and just about 1/3 the rates of those the government was subsidizing. He had died and he was then used once he could not defend himself.

                  The attack on the rich started at the same time, utilizing the series of editorials by Ma Tarbell against John Rockafeller Sr they began to push for legislation to break up standard oil.

                  In this same time they begin to use the women's suffrage movement to manipulate the privilege of voting into the right to vote. Women could vote, and always could vote, there even 3 on the electoral college for Washington on the first go around. They owned property since there husbands had died in the revolutionary war and thereby could vote. The property ownership requirement was used to manipulate the people to push.

                  You see the results of these pushes in 1890 (Sherman Act), 1911 (Breakup of standard oil) and 1915 (Income tax) which would have never gotten in if not for the fact that useful idiots could now vote. At this point the federal government now owns your company and your income, at least in part, and they have been taking a bigger and bigger part of us ever since.
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        • Posted by 5 years, 1 month ago
          They will do that only when the reality of failing to recognize reason puts in line for a soup kitchen to eat.

          The greatest evil of our time is that people who are in a place of being unable to pay for their own existence need not identify where they are or how they got their. Reality has been removed from them, and as a result they can live on shopping at the same stores, and doing the same things as those that are working. Until reality requires them to make a change from working life to welfare life, one that is uncomfortable, we as a culture, will continue to allow those that pay for our existence to do whatever they want so long as the check keeps coming.
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        • Posted by $ nickursis 5 years, 1 month ago
          Exactly. They all have had a hand in it, from both parties, and that is one reason that Trump resonates so well. He gives off the outraged American smell to well, and it resonates. I think the silent middle is feeling the outrage but does not know what to do, and he gives them some sort of outlet, however insincere.
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          • Posted by 5 years, 1 month ago
            The problem is Trump is a fake.

            His career has consisted of:
            1. Be very sure to be in bed with the needed polititions.
            2. Get laws passed if they do not exist that will bankrole, with taxes or tax exemptions, my planned project. In most cases they all ready existed.
            3. Take advantage of #2 to buy lots of property
            4. Use lots of property to take out big loans
            5. Use some of the money to renovate said properties.
            6. Let it run for a bit, rentals or whatever the property is.
            7. Suck so much money out of the company that the company is on the razors edge
            8. Pull out a bankruptcy with the money he has sucked out protected from said bankruptcy.

            He has done this 4 times. He may talk a good game, but he is about as Boyle as anyone could be.
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            • Posted by $ nickursis 5 years, 1 month ago
              Roy, I agree, but the sheeple do not know he is a fake. He is the Messiah come to earth to free us from the evil satan. He is the common man raised up. That is my meaning here, "we" know he is as fake as all the rest. But he is a really good one, on par with the Obamamnation and his "change".
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              • Posted by 5 years, 1 month ago
                Glad to hear you agree! I have seen a few people support him here and it makes no sense for any person who support or understand objectivism at all to back that wind bag.

                Yes he is a good fake because I think he believes anything he says, also the reason Obamamnation (love that by the way) is such a good fake as well.
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  • Posted by wiggys 5 years, 1 month ago
    so the government is showing us how our tax dollars are being spent; WONDERFUL.
    what i really like to see is how the taxes that the government is collecting is growing; WONDERFUL except I just don't know how that is happening when so may companies are either closing or reducing staff. What we need now is Alfred E Newman in office saying WHAT ME WORRY, of is that hiim with a black face.
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  • Posted by CircuitGuy 5 years, 1 month ago
    Wow. It is staggering. It's unfortunate we appear to wait for a crisis to take action.
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    • Posted by 5 years, 1 month ago
      When the crisis occurs we take just enough action to avert it, but do not change the behavior that caused it. Were we (the people) making real changes to our behavior the consumer debt would be going down rather than up. Until that happens the public sentiment will never shift to have the government control its spending.
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  • Posted by $ MichaelAarethun 5 years, 1 month ago
    18 trillion 906 billion and change. 9 trillion 693 in 2008. Obummer owns half the national debt near enouogh. Now there is a Legacy of Shame and Failure if ever was. Nothing to show for it.

    To be exact we'd need the figures for 20 Jan 2009 through 20 January 2017 both exactly a noon eastern standard time.
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  • Posted by $ nickursis 5 years, 1 month ago
    That is just plain nuts. There are twice as many govt jobs as manufacturing? That should tell a lot. Ttoal liability is twice net worth of each person. Yep, I would say BK is the right term. Thanks Roy!
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  • Posted by johnpe1 5 years, 1 month ago
    y'know, XR, I have been debt-free twice during my life,
    as a bachelor between marriages, and recently, and
    I really don't think much of an outfit which can't manage
    its money any better than the u.s. -- j
    .
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  • Posted by term2 5 years, 1 month ago
    Very interesting. I would contribute to keeping this site alive if they asked. It really says we are all nearly bankrupt in terms of national assets and total unfunded liabilities. Especially since it says I would owe $843,030 to pay off everything our government spent on my "behalf- without my consent"
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  • Posted by $ blarman 5 years, 1 month ago
    That's a lot of information all in one place. I wonder how many politicians actually look at all that Red ink - and that's in accounting terms not political shades.
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    • Posted by term2 5 years, 1 month ago
      The politicians dont care. They want to get their programs through and get re elected. They know the debt that is created will never be paid back. The country will just cancel out all the wealth and debt and start over.
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