The real reason I wanted to check the balance today is that it looks like that the national debt really hasn't moved much since January 20, when Donald Trump became President. Then I got into this significant difference thing between Treasury and the non-profit.
So is there an accurate reporting tool for the actual debt?
1 posted on
04/30/2025 4:50:24 PM PDT by
Bernard
To: Bernard
2 posted on
04/30/2025 5:01:25 PM PDT by
inkdude
To: Bernard
Those who know and understand it will tell you that what they show is only half of the true debt...
To: Bernard
To: Bernard
6 posted on
04/30/2025 5:53:51 PM PDT by
Drago
To: Bernard
Individual Executive Branch Departments also borrow from each other.
I do not know if that gets classified as debt.
Also, the Federal Reserve creates money by purchasing U.S. Treasury Debt.
The purchase is a computer transaction.
No money actually changes hands.
I do not think that shows up in federal accounting as debt.
7 posted on
04/30/2025 5:54:09 PM PDT by
zeestephen
(Trump Landslide? Kamala lost the election by 230,000 votes, in WI, MI, and PA.)
To: Bernard
A few years back I did a thorough research on the subject and produced a spreadsheet I published on FR. The
US Debt Clock was dead accurate. They update using reliable sources. Remember, the US Government uses fancy accounting gimmicks to delay reporting debt but quickly report revenues. Neither are really resolved until a few years after the current year.
9 posted on
04/30/2025 6:19:25 PM PDT by
CodeToad
To: Bernard
10 posted on
04/30/2025 6:22:14 PM PDT by
CodeToad
To: Bernard
Check out the TCMDO numbers from the St. Louis Fed.
Then reach for an adult beverage; you will need it.
It’s much, much worse.
13 posted on
04/30/2025 8:44:26 PM PDT by
TheWriterTX
(๐บ๐ธโ๏ธ๐๐ฎ๐ฑ)
To: Bernard
It doesnโt matter, it is mathematically impossible to pay off!
14 posted on
04/30/2025 9:39:49 PM PDT by
delta7
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