Managing Public Money

Helping public sector managers get value for money from their budgets

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A blog about public financial management: the fine art of managing public money to deliver vital services to the public. It involves budgeting, accounting, controlling, auditing, reporting, policy-making and decision-taking.

April 14, 2012

The US National Debt in real time

April 14, 2012/ Gary Bandy

via usdebtclock.org

I haven't really got a comment on this. I know many people have said to me over the years that because I am an accountant I must avoid debt. Actually, I think that because I am an accountant I am in favour of debt, inasmuch as it matches the use of an asset with paying for it. Anyway, regardless of theories, there is something mesmerising about this set of numbers and the speed with which they are rising.