Oct 13 2008
National Debt Clock Runs Out of Digits
The Associated Press is reporting that the National Debt Clock in New York City has run out of digits to record the country’s skyrocketing national debt.
The clock, located in Times Square and installed in 1989 by late Manhattan real estate developer Seymour Durst, has been changed on a short-term basis by the Durst Organization. What should be the digital dollar sign has been changed to a “1,” to accurately reflect the growing debt that currently stands at $10 trillion and change.
Next year, says the Durst Organization, the sign will be updated by adding two digits. Adding those extra digits means the National Debt Clock will be capable of tracking debt up to a quadrillion dollars.
When the sign went up 19 years ago, the national debt was $2.7 trillion. Talk about inflation.
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