Wow! That was quick - so I heard yesterday that the US National Debt Clock is now showing 20 Trillion
So I decided to visit the site myself, but its not correct anymore! It now shows 20,165,435,490,155 and its still counting! So my question is: how the heck did the nation just add 165 billion dollars in one day???
So with it being day 256 today, that leaves us with almost exactly 100 days left till the end of the year and we love easy math - so @165 billion dollars a day we multiply that by 100 and we get(drum-roll please) 16 Trillion, 500 Billion, 600 Million dollars by years end! (16500000000000)
So basically in 110 days we will exactly double 20 trillion, yes the exact 20 trillion debt it took 100 years, we will now Double to 40 trillion in 110 days!
I have to put this blog under "conspiracy" because something is not right...
Source: USdebtclock.org
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What's not right is the gold and silver prices on that chart don't reflect the prices we are seeing, yeah something ain't right if your suppose to believe that clock.
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This post has received a 3.13 % upvote from @drotto thanks to: @tzcap.
Um...your math seems a bit off.
We've had Federal Debt since 1789. Woodrow Wilson took he previous $2.9 billion and made it into $23.9 billion by 1921. Harding/Coolidge removed $7 billion of that debt by the end of 1929. And every President afterwards increased that debt overall for their term. Ike and Truman had a few years of surpluses.
FDR added a whopping $236 billion in debt. So, we can start there at 1945.
In 72 years, we added $20 trillion in debt.
$10 trillion of that was in the last 8 years.
At last years $1.4 trillion deficit, we would hit $40 trillion in just over 7 years.
However, we are only at $690 billion this year.
Also, the government year ends at the end of September, which is why the spending isn't constant over the year.