US Debt Clock out of digits

[seabhcan]

Here's a real sign of the times.

BBC NEWS | Business | US debt clock runs out of digits

The "Debt Clock" set up in 1989 to highlight the shocking 2.7 Trillion dollar US deficit, has run out of digits and cannot show the current 10.0 Trillion dollar debt.

The owner says he will soon add two more digits.

Here's a graph



The exponential growth starts with Regan. The 1990's plateau is Clinton, and then the second rise is Bush2.

[Evil Eco-Fascist]

Here's a real sign of the times.

BBC NEWS | Business | US debt clock runs out of digits

The "Debt Clock" set up in 1989 to highlight the shocking 2.7 Trillion dollar US deficit, has run out of digits and cannot show the current 10.0 Trillion dollar debt.

The owner says he will soon add two more digits.

Could we flog them a renovated version of the millenium clock that was in the Liffey in the late nineties? It probably has the digits, what with all the seconds involved, and I'm sure it's sitting in some warehouse in Dublin now.

[He3]

There's two digits that come to mind all right.

churchill v sign - Google Image Search

[seabhcan]

There's two digits that come to mind all right.

churchill v sign - Google Image Search

The debt that Churchill took on during his term was only finally repaid by Britain in 2006.

[seabhcan]

United States public debt - Wikipedia, the free encyclopedia

This is interesting. Ireland has lent 18.5 bln to the US making us the 20'th largest foreign lender, ahead of places like Holland and Sweden. The EU as a whole has lent about 500bln to the US, making it the 3rd largest lender after Japan and China.

[ManOfReason]

Here's a real sign of the times.

BBC NEWS | Business | US debt clock runs out of digits

The "Debt Clock" set up in 1989 to highlight the shocking 2.7 Trillion dollar US deficit, has run out of digits and cannot show the current 10.0 Trillion dollar debt.

The owner says he will soon add two more digits.

Here's a graph



The exponential growth starts with Regan. The 1990's plateau is Clinton, and then the second rise is Bush2.

If you look at it as a % of GDP then it is not far off where it was when Bill Clinton first came to office. It has also been higher during some periods of the Twentieth Century (not suprisingly post WWII).

So even though the graph looks dramatic it does not really reflect the whole picture.

National debt by U.S. presidential terms - Wikipedia, the free encyclopedia

[seabhcan]

If you look at it as a % of GDP then it is not far off where it was when Bill Clinton first came to office. It has also been higher during some periods of the Twentieth Century (not suprisingly post WWII).

So even though the graph looks dramatic it does not really reflect the whole picture.

National debt by U.S. presidential terms - Wikipedia, the free encyclopedia

Sort of true. Debt/GDP is now 77% and rising. Under Clinton it reached a high of about 70% just after Clinton took power and then fell back to close to 50% by the time he left office. The initial rise was a hangover from the Reagan/Bush era. Debt was 30% when Reagan took office.



More interesting is actually this graph, of Credit Market Debt as a % of GDP. The unwinding of the peak on the left caused the Great Depression. By 2008 this figure reached 352%/GDP

[He3]

seabhcan that is a very ominous graph you have there.

[cactusflower]

He3 - this is general default territory. The US government and ultra wealthy are mainly concerned at this stage with lining their bunkers and preparing for martial law.

http://*****************************...2-50.htm#39879

[He3]

Thanks cactusflower.

My own bunker is a bit small for the whole family but sure we'll fit somehow. I just can't find the chapter on this situation in the nice book the Government sent us on disasters. It must be there somewhere.

How is your bunker shaping up?