Tuesday, October 28, 2008

Boxed In By Debt

In a sense, we Americans and our politicians have outspent The National Debt Clock located above 44th Street and Sixth Avenue. As a result, 14 boxes instead of 13 boxes are required to display America’s debt on this electronic financial measure. To broadcast our record $10.2 trillion deficit, a “1” was added to the box that previously displayed only the dollar sign. Each family’s share of the estimated debt ... a gut-wrenching $86,000! Where once Americans only took on debt for necessities or to build assets, now we "flash plastic" for frivolities. Want some good news? Debt can’t increase to a $100 trillion number. The clock doesn't have enough boxes for it.

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