ByronBlog

Byron Matthews, a sociologist retired from the University of Maryland Baltimore County and a partner in an educational software company, lives near Santa Fe, NM.

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Location: New Mexico, United States

Monday, December 24, 2012

national debt

This one's really fun:  What does the U.S. national debt look like?

See it here:  U.S. National Debt in $100 bills

Pretty impressive, but badly out of date because that was in 2009 when the debt was only about $11 trillion.

Instead of the approximately $11,000,000,000,000 pictured at the link above, the U.S. national debt is now, after 4 years of Obama and a spendthrift Congress, nearly $16,400,000,000,000.

See it here (refresh to watch it grow):   U.S. NATIONAL DEBT CLOCK

The growth rate of the debt averages about $3.84 billion per day, which is about $160 million per hour, or $2,670,000 per minute.

But, hey, it's OK, because a large and increasing chunk of it is borrowed!  And, anyway, it's not our problem -- it's for our kids and grandkids (and maybe the grandkids' kids) to deal with!  Legacy!

Merry Christmas!  Whoopee!

Byron

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