Wednesday, August 08, 2007

Debt Clock

The Skeptical One's Debt clock has been recalibrated in response to recently released economic numbers. It's again running backwards, meaning that the economy is now growing faster than the government debt again. The Debt to GDP ratio is 64.624+% and the Public Debt (bonds actually owned by private individuals and foreign governments, rather than another US government agency, i.e., Social Security) is at 36.202+%.

He also has some really good analysis into the recent jobs/unemployment report here.
In short, many of the jobs that are disappearing aren't such terribly great jobs in the first place, and are being replaced by even higher paying jobs.

No comments: