US Debt Clock: HERE
World Debt Clock: HERE
Bonus – SC Debt Clock: HERE
Do y’all remember the National Debt Clock (HERE)? Well if you love numbers, like we do, you are going to love this.
The National Debt Clock is a billboard-sized, running total display, that shows the United States gross national debt and each American family’s share of the debt.
The clock’s first incarnation was installed on February 20, 1989, in New York City one block away from Times Square. The national debt stood at $2.7 trillion that year.
IS THE DEBT CLOCK ACCURATE?: Well, it is as accurate as the numbers produced by the respective governmental entity / level … but as many of us know, there are a lot of “off book” liabilities and financial obligations (think pensions, etc.) that are unaccounted for in these numbers … but that is a longer discussion and a lot to debate … however the US Debt Clock is a great place to start in understanding our economy and what is really going on behind the financial scenes with our politicians.
US Debt Clock: HERE
US DEBT CLOCK:
As noted above, when the National Debt Clock (now called the US Debt Clock online) came out in 1989, it sat at $2.7 trillion. Today it is a staggering $33.7 trillion and growing by over $1.7 trillion per year.
There is still a billboard clock in New York, but most of us follow the online version … with a whole lot more data … online at www.usdebtclock.org.
Check out all the numbers and decide for yourself … but we would encourage you to look at relative numbers … today vs. the past. For example … the Debt to GDP ratio. The debt may be higher today, but the debt to productivity / income ratio is a staggering 2 1/2 times more than than normal. Seems problematic … right?
World Debt Clock
World Debt Clock: HERE
WORLD DEBT CLOCK:
There is also a World Debt Clock which is very interesting to compare the US to our counterpart nations. We are obviously at the top of the total debt list … but based on public debt to GDP, relatively we are about normal … but what is “normal”?
The worst on the list … JAPAN … and we thought they were the smart ones.
The best on the list … RUSSIA … which is rather interesting. Imagine if Russia ran up their national debt like we and other western countries like to do … or better yet, imagine if the US practiced more principled financial measures like it appears Russia is doing.
Click around an let us know what you think and what we might be missing.
SC Debt Clock
SC Debt Clock: HERE
SC DEBT CLOCK:
Finally, and interestingly enough, they also have individual state debt clocks.
South Carolina’s debt is $41 billion … but that does not include “unfunded” pension liabilities which is an estimated $114 billion as of 2022 (See HERE).
Remember, you can’t fix the problem unless you are aware of the problem. Do your research!!!