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January 30, 2010

The US Debt in Detail—in Real Time

This is cool, and yet so very, very uncool at the same time.  USDebtClock.org breaks down federal revenue, spending, and debt, and shows it all in real time.  In the time it took me to write and post these three sentences, our government spent an additional $6 million it doesn’t have—debt that your children, and their children, will have to try and repay.  (Via Jason Calcanis)

UPDATE: next time you are calculating your family’s net worth, factor in an additional $177,598 in debt for each member of your family to see the real number.

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