US National Debt Clock

US National Debt Clock

The above is the US National Debt Clock. On March 2009, the Debt Clock first time hits the US $ 11 Trillion Mark.

Here is the exact debt of US Government right now when I am writing this article.

US $ 11,401,832,870,085

The estimated population of the United States is 306,335,756 so each citizen's share of this debt is $37,220.05.

The National Debt has continued to increase an average of $3.86 billion per day since September 28, 2007!

the government is running up mountains of debt with increasing speed. It took just over 5 ½ months for Uncle Sam to go another trillion dollars deeper in debt since hitting $10-trillion last September 30th. It’s the fastest jump in U.S. history.

The hundreds of billions of dollars being spent as part of the federal bailout of the financial markets is a leading factor in the rapid increase. Over $400-billion in debt has been accrued in the 57 days since President Obama took office.

And the federal budget he unveiled last month projects even faster increases in the National Debt. It’ll hit $12.7-trillion by the end of the fiscal year on September 30th. The Administration’s four year estimate shows that by the end of September 2012, the Debt will have soared to $16.2-trillion – which amounts to nearly 100% of the projected Gross Domestic Product that year.

The U.S. is running up so much debt so quickly, some investors are worried. Over the weekend, Chinese Premier Wen Jiabao, who says his country has about a trillion dollars invested in U.S. Treasury notes, said he wanted a guarantee.

President Obama said Wen’s got nothing to worry about.
“Not just the Chinese government, but every investor, can have absolute confidence in the soundness of investments in the United States,” he said on Saturday.

That’s because the U.S. government’s power to tax stands behind all of its debt. If Uncle Sam ever needs a bailout, then as now, taxpayers get nailed.

It took the U.S. government 191 years – from 1791 until 1982 – to run up its first trillion dollars in debt. The second and third trillions got on the scoreboard much more quickly – each in just four years

The National Debt stood at $10.6-trillon on the day Barack Obama took office. But if his budget projections are accurate, he’ll run up nearly as much government debt in four years as President Bush did in eight