Thursday, October 09, 2008
Out of Digits
Here is an old pic of the national debt clock, guess what has occured ???
U.S. debt overpowers National Debt Clock
The National Debt Clock in New York City has run out of digits to record the growing figure.
As a short-term fix, the digital dollar sign on the billboard-style clock near Times Square has been switched to a figure -- the "1" in $10 trillion. It's marking the federal government's current debt at about $10.2 trillion.
Where Did the Clock Come From ???
The Durst Organization says it plans to update the sign next year by adding two digits. That will make it capable of tracking debt up to a quadrillion dollars.
The late Manhattan real estate developer Seymour Durst put the sign up in 1989 to call attention to what was then a $2.7 trillion debt.
With all the buy outs, it will continue to soar.
Thanks to CNN News for the story.
We, as a nation, are in so much trouble.