How Long Does it Take to Accrue $1M in Debt?

By
Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

How Long Does it Take to Accrue $1M in Debt?

Okay, this is fascinating but, scary.  If you've always wondered how in debt our nation really is, you just have to see this!  For a real-time view of our nation's debt--again, in REAL time--visit www.USDebtClock.org where you can view the entire screen without having to scroll back and forth (below).  Count the number of seconds it takes to go another $1M in debt.

The site is not politically affiliated, rather there to inform the American people of our financial status.   Makes you pause, doesn't it?
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Groups:
Tech Corner
The Lounge at Active Rain
Almost Anything Goes
Club Chaos
LATE NIGHT - EARLY MORNING AT ACTIVERAIN
Tags:
economy
national debt

Spam prevention
Show All Comments
Ambassador
727,117
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

YEEEIKES !

... my heart rate just increased by 50% ...

 

Jan 26, 2010 09:23 PM #17
Rainmaker
4,797,528
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Pretty scary isn't it.  Sooner or later we're going to have to pay it.  One way or another!

Jan 26, 2010 09:54 PM #18
Rainer
112,731
Lisa Schlitz
Home Run Real Estate, Inc. - Wellington, FL
Realtor - Wellington, Florida Homes 561-214-3216

That is terrifying-it boggles my mind! Pretty cool the way you got that chart to keep moving real-time in your post, though.

Jan 26, 2010 10:29 PM #19
Rainmaker
1,049,106
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

I looks like the board of the NY stock exchange. I wonder how real it is?

Jan 26, 2010 10:36 PM #20
Rainmaker
3,833,204
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Debbe,

It's more than a little money coming out of our wallets..we are hemorrhaging!

Jan 26, 2010 10:45 PM #21
Rainmaker
434,738
Dick and Dixie Sells
Sells Real Estate, LLC - Trinity, FL
Realtors, Tampa Bay Florida Homes For Sale

Wow, I definitely get the picture! Totally scary isn't it? Stop that clock!

Jan 26, 2010 10:47 PM #22
Rainmaker
354,838
Dale Terry
Yadkinville, NC

We all understand that it is going to blow up one day but most do nothing about it.  We are like sheep.

Jan 26, 2010 11:04 PM #23
Rainmaker
558,018
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Debe...talk about ticking anxiety getting ready to explode...Cherise

Jan 27, 2010 12:17 AM #24
Rainmaker
622,621
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

That's an almost overwhelming updating chart.  Its almost an ignorance is bliss sort of state of mind is better than seeing those numbers increase without any end in site.

Jan 27, 2010 01:10 AM #25
Ambassador
544,185
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

Debe, I read not too long ago that the US pays China over 100 million dollars a day in interest on the money we have borrowed from them. The numbers at this point are just too big to comprehend

Jan 27, 2010 02:40 AM #26
Rainer
34,473
Michael Gordon - Colorado Springs Mortgage Lender
Peoples Mortgage Corporation - Colorado Springs, CO

Debe...I wonder what it's like to be able to spend without worrying about ever repaying. It seems like those in Washington have the answer.

Jan 27, 2010 06:40 AM #27
Rainmaker
268,276
John Thomas
E3 Green HOMES - Boulder, CO
EcoBroker, MSEE, MBA

My goodness...funny, scary and sad all at the same time. It certainly puts things into perspective.

Jan 27, 2010 06:43 AM #28
Rainer
230,494
Stephanie Reynolds
Integrity First Financial Group, Inc. - Santee, CA
East County San Diego Homes 619-838-4408

This really makes me want to throw up....Just in the few seconds of looking at it we go further and further and further.........

Jan 27, 2010 12:25 PM #29
Ambassador
3,357,916
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I told you it was scary!  Thank you all so much for your comments--I just had to share this sobering webpage.

Have a great Thursday all!

Jan 27, 2010 12:36 PM #30
Ambassador
3,016,929
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Scary..more like a horror movie! Chain Saw Massacre was tame next to this. Could not look at this one again.

Jan 27, 2010 01:42 PM #31
Rainmaker
1,518,992
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

This is a depressing reality. Where is the "secret" chart with all the good numbers? We better do something!

Jan 27, 2010 11:58 PM #32
Rainmaker
641,524
Joseph D. Federico
Donahue Real Estate Co. - Canton, MA
Eastern Massachusetts Real Estate

Debe-Very scary indeed, but a cool post!

Jan 28, 2010 04:05 AM #33
Rainmaker
3,248,021
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC
Debe The debt is scary for us, our kids and grandkids. Good luck and success. Lou Ludwig
Jan 28, 2010 02:10 PM #34
Rainmaker
177,160
Leander McClain
North East, MD
Cecil & Harford County Realtor

Debe,

That makes you thing.....a billion here, a billion there,

Pretty soon we are talking about real money :)

Have a great day

Leander

Jan 29, 2010 01:56 AM #35
Rainer
31,173
Jeff Dugan
Century 21 Absolute Realty - Ridley Township, PA
Debe; Wow scarey isn't it and we we worry about the small things in life. Jeff Dugan Springfield , Delaware County , PA
Jan 29, 2010 02:32 PM #36
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,357,916

Debe Maxwell, CRS

Charlotte Homes for Sale - Charlotte Neighborhoods
Have questions about Charlotte? How may we help?
*
*
*
*
Spam prevention

Additional Information