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National Debt Clock Times Square runs out of digits
http://www.newsday.com/ :thumbsup
NEW YORK (AP) _ In a sign of the times, 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. 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. |
Until the West learns to produce goods we can sell to the people we are lending money from the hurt will continue. The days of living on borrowed money are over.
A quick fix to the troubles of today will be for the lenders to wipe out the debt. What's the odds? Better still they will buy up more of the West to cover the debt. |
i think it is only $80k per houshold.... and it is so much.....
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Try saying "Quadrillion" out loud...its FUN!!!
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How long would it take a government like USA (with a GDP of $13 Trillion) to pay off a debt of $10 Trillion baring in mind you obviously have run a country with most of your GDP. How long will it take?
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Think positively though, with the slow down in the economy VISA and MC are unlikely to walk away from Internet porn. :winkwink: |
USA will always be in debt
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