Thursday, October 9, 2008

Debt Gets Another Digit

The UK Telegraph offers a perfect illustration of our current economic morass: keepers of Manhattan's National Debt Clock have added another digit. The national debt, which was first highlighted by the clock at a then-shocking $2.7 trillion, has now exceeded $10 trillion. And the news gets worse. Here's a snip:
The Durst Organisation [sic], which owns the display in Times Square, says it plans to update the clock next year by adding two extra digits. This will make it capable of recording a quadrillion dollars of debt.
Read the entire story, Financial crisis: US debt clock runs out of numbers

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