Thursday, October 09, 2008

National Debt Clock runs out of digits

From Today's NY Daily News...
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Times Square National Debt Clock runs out of digits amid Wall St. meltdown
By LARRY McSHANE

Brother, can you spare a digit?

Exactly how bad is the U.S. economy?

Try this: The National Debt Clock near Times Square ran out of numbers to record the federal government's $10.2 trillion shortfall.

The familiar billboard-style clock, erected in 1989 by late Manhattan real estate developer Seymour Durst, was equipped to handle a debt count of up to $9,999,999,999,999.

The ongooing economic crisis eclipsed the clock's capabilities. As a temporary answer, the space that once held a dollar sign on the electronic billboard is now the number 1.

The clock's owners plan a bailout of sorts next year, when they will make room for two additional digits on the board. Back when Durst launched the clock, the debt was a mere $2.7 trillion.

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