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U.S. National Debt Clock As Of 9-1-10 ... This Is Not Funny !

532-1-60 ... This is a new (9-1-10) screenshot of the on-line U.S. Debt Clock. ... Compare it to the one I did on 4-18-10 (see first comment box below)

 

To watch it increase in real-time, go to: www.usdebtclock.org/

 

The following is from Wikipedia en.wikipedia.org/wiki/United_States_public_debt:

 

The United States public debt is presented by the United States Treasury as two calculations: "Debt Held by the Public", defined as U.S. Treasury securities held by institutions outside the United States Government, and the "Gross Debt," which includes intra-government obligations (e.g., the Social Security Trust fund).[1]

 

As of July 28, 2010, the "Total Public Debt Outstanding" was approximately 93% of annual GDP, ($13.258 Trillion) with the constituent parts of the debt being "Debt held by the Public" being approximately 60% of GDP ($8.63 Trillion) and "Intergovernmental Debt" standing at 32% of GDP ($4.55 Trillion).[2][3] The United States has the third lowest Debt to GDP ratio of the G8 Nations (when using "Debt held by the Public" as the measure). [4] Within the remainder of this article the phrase "Public Debt" is employed as a shorthand for "Debt Held by the Public". The terms of "Debt Held by the Public" and "Total Public Debt Outstanding" are often used interchangeably, with much contention as to which is the true measure of government debt, yet what both measures share in common is that they both contain sovereign issued bonds backed by the Full Faith and Credit of the United States of America, with the differentiating factor as to who the holders of the bonds are, the "public" or "intergovernmental agencies".

 

The national debt should not be confused with the trade deficit, which is the difference between net imports and net exports. State and Local Government Series securities, issued by state and local governments, are not part of the United States government debt.[5]

 

The annual government deficit or surplus refers to the cash difference between government receipts and spending ignoring intra-governmental transfers. The gross debt increases or decreases as a result of this unified budget deficit or surplus. However, there is certain spending (supplemental appropriations) that add to the gross debt but are excluded from the deficit. The total debt has increased over $500 billion each year since fiscal year (FY) 2003, with increases of $1 trillion in FY2008 and $1.9 trillion in FY2009.[6]

 

Much much much more info at en.wikipedia.org/wiki/United_States_public_debt

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Taken on September 1, 2010