Thirtynine US-Trillion $39T Debt = Balance

I asked perplexity.ai on Nov 9th, 2024:

How much is the current debt of the US of A and how much of the GDP is that in percent?

As of the most recent data available, the United States‘ debt situation is as follows:

Total Debt

The total federal government debt of the United States reached $35.7 trillion by October 2024 [4]. This represents a significant increase from earlier in the year, as the debt had grown by approximately $1 trillion in two separate 100-day periods since June 2024 [4].

Debt-to-GDP Ratio

The debt-to-GDP ratio, which measures the country’s debt relative to its economic output, stands at:

  • 122.3% of GDP as of June 2024, according to the most recent quarterly data [2].

This figure represents a slight decrease from the previous quarter, which was 123.2% [2]. However, it’s important to note that different sources may provide slightly varying figures due to differences in calculation methods and timing:

  • The Congressional Budget Office (CBO) estimated that federal debt held by the public is projected to rise from 99% of GDP in 2024 to 116% in 2034 [4].
  • Trading Economics expects the government debt-to-GDP ratio to reach 124.3% by the end of 2024 [3].

Historical Context

The current debt-to-GDP ratio is significantly higher than historical averages. From 1940 until 2023, the average government debt-to-GDP ratio in the United States was 65.7% [3]. The ratio reached an all-time high of 126.3% in 2020, largely due to the economic impact of the COVID-19 pandemic [3].

Composition of Debt

As of December 2023, the $33.1 trillion total federal debt was composed of:

  • $26.5 trillion held by the public
  • $12.1 trillion in intragovernmental debt [4]

Debt Servicing Costs

The annualized cost of servicing this debt was $726 billion in July 2023, which accounted for 14% of the total federal spending [4].

It’s worth noting that the debt and debt-to-GDP ratio are subject to frequent changes based on government spending, economic growth, and other factors. The trend indicates a continuing increase in both total debt and the debt-to-GDP ratio, which has implications for the country’s fiscal health and future economic policies.

Citations:
[1] https://www.ceicdata.com/en/indicator/united-states/total-debt–of-gdp
[2] https://www.ceicdata.com/en/indicator/united-states/government-debt–of-nominal-gdp
[3] https://tradingeconomics.com/united-states/government-debt-to-gdp
[4] https://en.wikipedia.org/wiki/National_debt_of_the_United_States
[5] https://www.macrotrends.net/global-metrics/countries/USA/united-states/debt-to-gdp-ratio
[6] https://www.statista.com/statistics/273294/public-debt-of-the-united-states-by-month/
[7] https://fred.stlouisfed.org/series/GFDEGDQ188S
[8] https://www.imf.org/external/datamapper/GG_DEBT_GDP@GDD/CAN/FRA/DEU/ITA/JPN/GBR/USA

Visualisierungen

U.S. Debt: Visualizing the $31.4 Trillion Owed in 2023


Source: Visual Capitalist, April 20, 2023

How Did the U.S. National Debt Get So Big?

Source: thebalancemoney, October 4, 2022

Why do i blog this? siehe Eine US-Trillion $1T Schulden = Guthaben

Screensaver on the Mac

TL;DR

Download a bunch of them here.

Especially if you see legacyScreenSaver-x86_64.appex and or legacyScreenSaver.appex consuming all you CPU cycles.

Why do I blog this? Because Apple apparently just dropped a „patch“ on something that does not work and now occupies my computational resources.

Windkraftanlagen: Kunst findet einen Weg

Ich bin kürzlich entlang der Autobahn A7 auf Höhe Dreieck Müllingen / Ingeln-Oesselse / Bledeln auf eine bemerkenswerte Installation gestossen. Ein Windrad ist ja an sich eigentlich nichts wirklich Besonderes mehr. Dieses allerdings zog meine Aufmerksamkeit auf sich – wie es bunte Lichter bei mir im Allgemeinen tun – da es buntes Licht aussendete.

Es wurde auch schon über dieses Windrad berichtet, aber nicht grade sonderlich viel muss man sagen. Daher sichere ich die Artikel darüber hier mal vorsorglich als Screenshot.

Die „Smarties“-Mühle Kunst & Windenergie

Update 3.4.2024

Ich konnte ein tolle Bild machen auf dem das Windrad beleuchtet ist.

Why do I blog this? Ich finde es eine äußerst gelungene Verzierung des Windrades und kann mir tausende weitere, unterschiedliche Umsetzungen anderer Kunst dieser Art vorstellen. Auch eine Windmühle als sophisticated Display fänd ich klasse, z.B. wenn man optisch die Luftverschmutzung, UV-STrahlung etc. schon auf hunderte Meter ablesen könnte wie auf einem Riesenbildschirm in Stabform. Sicher müsste man diese Kunst unter dem Aspekt der Betriebssicherheit und möglichst geringer „Lichtverschmutzung“ gestalten, aber dieses im Dunkeln so herrlich leuchtende Windrad war ein toller Anblick von der Autobahn aus.