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-   -   National Debt Clock Times Square runs out of digits (https://gfy.com/showthread.php?t=860654)

webcams_sean 10-09-2008 05:13 AM

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.

Paul Markham 10-09-2008 06:00 AM

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.

marko13 10-09-2008 06:23 AM

i think it is only $80k per houshold.... and it is so much.....

cwd 10-09-2008 06:30 AM

Try saying "Quadrillion" out loud...its FUN!!!

Vendot 10-09-2008 08:00 AM

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?

Paul Markham 10-09-2008 11:13 PM

Quote:

Originally Posted by Vendot (Post 14873840)
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?

Run like it is today they will never pay it back. It's no good earning $100,000 a day if you spend $120,000 a day. Multiplying it to billions does not make the rule disappear.

Think positively though, with the slow down in the economy VISA and MC are unlikely to walk away from Internet porn. :winkwink:

Rodent 10-09-2008 11:34 PM

USA will always be in debt


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