Archive for August, 2011

Uncle Sam’s Debt Clock Running Backwards

August 4, 2011

We have gotten some feedback (including a 1-star review on the app store) that something is wrong with Uncle Sam’s Debt Clock because the debt numbers have been going down recently.

In fact, according to the U.S. Treasury, the debt numbers had been going down for a couple of months until the debt ceiling was raised:

Now it seems to us that the Treasury must have been manipulating the numbers in some way during that time, but all we can do is show what they report.  If they say the debt has gone down over the last two months, the numbers on the debt clock will decrease over time.

Now back to reality.  Since the debt ceiling was raised, they are reporting more realistic-looking numbers again.  In fact, the federal government seems to have borrowed around $240 billion overnight:

So the next time you look at the debt clock, it should again reflect the inexorably increasing debt that we have come to expect.

 

 

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