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Clear Your Mind About the National Debt: Debt Clock

September 9, 2009

U.S. National Debt Clock : Real Time

Is all this talk about the National Debt confusing.  Spend 5 focused minutes digestion this ‘Debt Clock’ .  

One Comment leave one →
  1. Gregg permalink
    October 3, 2009 9:05 pm

    Note the US Funded Liabilities at the bottom?

    $59 Trillion in unfunded liabilities is more than 20 times the Federal budget. We fund the budget by our annual Social security and income taxes. So, to cover the $59 Trillion in unfunded liabilities means EVERY taxpayer TODAY owes 20x their annual social security and income taxes just to get us back to even!

    How is that not INSANE? Yet, who’s talking about it, let alone doing something about it?

    $38T of it is baby boomer medicare/medicaid. Obama tells us if we don’t fix healthcare it will bankrupt the country. But, he doesn’t tell us the magnitude of the problem as indicated by these numbers. Wonder why? For me, it’s because he knows it doesn’t take a whole lot of brains to know nothing he’s proposing even begins to address the problem. How do YOU know when YOU’RE being manipulated?

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