Truth in Accounting's Debt Clock consists of the "US Published National Debt" and "The Truth."
US Published National Debt consists of:
- debt held by the public; and
- intragovernmental holdings, including debt held by Social Security and Medicare trust funds.
- does not include total unfunded Social Security and Medicare promises
This amount is updated periodically to coincide to with The Debt to the Penny
"The Truth" represents:
assets and liabilities reported in the Financial Report of the U.S. Government; and
unfunded Social Security and Medicare promises
"The Truth" is increasing at a historical rate.