The World’s First Global Debt Clock

Photo used under Creative Commons license by Flickr user <a href="http://www.flickr.com/photos/roby72/">Roby©</a>.

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World leaders are gathered today at the UN General Assembly to discuss reforming the international financial system, laying the groundwork for a global climate change agreement and many other costly and contentious issues. They would do well to remember the money that has already been wasted through inaction (and costly wars) by consulting the Economist Intelligence Unit’s new Global Debt Comparison tool.

Featuring the EIU’s reams of data on countries around the world from as far back as 1999 and economic forecasting stretching out through 2011, this nifty display allows one to compare public debt per capita, public debt as a percentage of GDP, total public debt, and the yearly rate of change in debt. As of this morning, the clock rang in at an eye-watering $35 trillion…and growing. Check it out!

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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