Thursday, October 09, 2008

National Debt Clock runs out of digits

From Today's NY Daily News...

Times Square National Debt Clock runs out of digits amid Wall St. meltdown

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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