National Debt Too Big For NY Debt Clock
$10.2 Trillion Debt Equates To $33,549 Per American
POSTED: 11:25 pm PDT October 8,
2008
UPDATED: 3:49 am PDT October 9,
2008
NEW YORK -- 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 or $33,549 per U.S. citizen.The Durst Organization said 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.
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