It's The Debt-UWSA National Debt Clock

It's the Debt . Don't Forget It!!

More on Issues: These figures are straight from the US Treasury presentation on the Web. It looks like it is going up and out of control.

Even if you don't feel personally responsible for your share of this debt obligation, the immediate impact on you of this much debt is interest payments from your taxes. As long as there is debt there will be interest payments! Even if the Deficit is minus (we are then reducing the debt and running a surplus), there will be interest payments on the remaining debt. This is money that is not going to social services, education, defense, etc.

The graph on the left (click to enlarge into a separate browser window) shows the end of the month level of the US Federal National Debt since the start of 1993. It continues its inexorable climb despite assertions that there were surpluses. If there was a surplus, would the debt not be reduced?

So, there really hasn't been a budget surplus!
Has it gone down?
Really, there haven't been any surpluses!

This is what the DEBT has cost you this Federal Fiscal (Since October 1) Year! Have you put aside your share for today? This money must be paid out monthly over the year in interest just because we have the debt!

	This Fiscal Year to Date"Estimated"	FY 2004	FY 2003
*FFY Interest Payments** on the US National Debt	$306,030,370,817.82	$321,566,323,971.29	$318,148,529,151.51
*FFY Interest Payments** per US Citizen	$1,007.76	$1,058.93	$1,047.67
*FFY Interest Payments** for Wage Earner(s) in family of 2	$2,015.53	$2,117.85	$2,095.34
*FFY Interest Payments** for Wage Earner(s) in family of 3	$3,023.29	$3,176.78	$3,143.01
*FFY Interest Payments** for Wage Earner(s) in family of 4	$4,031.06	$4,235.70	$4,190.68
*FFY Interest Payments** for Wage Earner(s) in family of 5	$5,038.82	$5,294.63	$5,238.35
*FFY Interest Payments** for Wage Earner(s) in family of 6	$6,046.59	$6,286.02	$6,353.55

Note: *FFY is the Federal Fiscal Year (October to September) This chart shows how financial assets, liabilities have changed over the past six years. Now superimpose the Gross Domestic Product on these charts. It's like saying to a family if you have that much income, does this much debt bother you. This is a question we all answer differently.

So where does this leave us? Owing a lot of money which the lenders believe will be repayed to them or presumably they would not have lent it in the first place.

Since the Government's Financial Net Worth (negative block) is its Financial assets (little blip) minus its Financial obligations (dark red bar), the Net Worth (hanging block) of the US Government is very much in the negative and has only modestly improved. The fourth bar is the Gross Domestic Product. The fifth bar is the trade balance. We've put these five commonly discussed annual figures on a single chart to illustrate their relative magnitude. Click on the image on the right for a full size graph showing the big monatary picture for the last six years. Including the US Gross Domestic Product on the Graph serves two purposes: to show that in an era of rising prosperity, little was done to improve the US debt situation and secondly to show the debt in relation to the country's economic income.

Here are the government sources of our information:
The US Treasury Bureau of Public Debt is used to calibrate the existing debt each day. Figures from the US Treasury, provide the interest dollars used in the above calculations. And of course we obtain our population figures from the US Census Bureau'sestimates The government's financial position comes from the US Treasury's FMS System. The economic GDP data is from the Bureau of Economic Analysis at the Department of Commerce.

You can get more information at J. C. Adamson's Muser web page.

Note: This page is updated using a javascript program. If you do not have javascript enabled in your browser, you will not be able to see what the debt is doing to you right now!

If you have any questions or problems with this page contact the Webmaster, Bill Selmeier
Text or images updated 11/9/2004, numbers data updated each business day.

-->