Wednesday, October 22, 2008

The American debt clock

debt_clock_1014

The American debt is basically the amount of money owed by the American government to U.S debt instruments, such as treasury bills, bonds etc. You can read more about it here.

As of three weeks ago, the American debt passed the 10 trillion $ (!!!) mark. The interesting thing is that the American debt clock in Times Square, which shows the current debt, was not built to hold such huge numbers. As you can see in the picture, the $ sign now also holds the tens of trillions digit. Try this out for more insights.

If this recession will last as long as expected, the debt will probably increase much more, and there will be no other option but to build another clock, with a few more digits...

No comments: