Showing posts with label The National Debt Clock. Show all posts
Showing posts with label The National Debt Clock. Show all posts

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.