[LINK] OT: US Debt Clock.org

[Tom Koltai]

> -----Original Message-----
> From: link-bounces at mailman.anu.edu.au 
> [mailto:link-bounces at mailman.anu.edu.au] On Behalf Of Andy Farkas
> Sent: Monday, 19 December 2011 9:39 PM
> To: Link List
> Subject: [LINK] OT: US Debt Clock.org
> 
> 
> US National Debt is $15 trillion (not $13 trillion as 
> previously posted in another thread)
> 
  http://www.usdebtclock.org/

I think I was referring to bonds. 
Of which by the way, you personally are in the hole for $647.00 (as is
every other Australian).

There are several types of bonds, for example, the $647 reference above
are the Federal Reserve Bonds as at 1/10/11

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/
mfh.txt

>From Wiki http://en.wikipedia.org/wiki/United_States_Treasury_security
Quote/
There are four types of marketable treasury securities: Treasury bills,
Treasury notes, Treasury bonds, and Treasury Inflation Protected
Securities (TIPS). There are several types of non-marketable treasury
securities including State and Local Government Series (SLGS),
Government Account Series debt issued to government-managed trust funds,
and savings bonds. All of the marketable Treasury securities are very
liquid and are heavily traded on the secondary market. 
/Quote

The total value of all traded securities is about 12.2 trillion dollars.


The balance of the debt is mainly on the books of trading partners and
could be though of as "debt in progress..."
My apologies if my prose lacked directional accuracy.

TomK