Thursday, October 9, 2008

Even the debt clock is wrong...


Even the US debt clock is feeling the strain of recent events...the National Debt Clock in Times Square, New York has run out of digits for the first time.
The board was originally erected to highlight the $2.7 trillion level of American debt in 1989, but when that passed the $10 trillion point last month, the sign could not display the full amount. Currently the debt is estimated at about $10.2 trillion (£5.9 trillion). To make matters worse, some economists believe the recent $700bn bail-out plan for ailing US financial institutions could send the federal government's current debt level to $11 trillion.
The clock's owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.
US debt clock runs out of digits

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