Debt Clock Crisis Imminent!

Debt Clock Crisis Imminent!

1 April 2006 · No Comments

So says this wire service story:

The national debt clock, as it is known, is a big clock. A spot-check last week showed a readout of 8.3 trillion — or more precisely 8,310,200,545,702 — dollars … and counting.

But it’s not big enough.

Sometime in the next two years, the total amount of US government borrowing is going to break through the 10-trillion-dollar mark and, lacking space for the extra digit such a figure would require, the clock is in danger of running itself into obsolescence.

Great. Not only are we going to bankrupt the future; we’re also going to break a New York City landmark in the process!

Tags: Economy