US "DEBT Clock" Runs out of ZERO's!!!

Member since 2008 · 2k+ posts · 0 votes

Until last month, the clock had enough digits to measure US debt levels.The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure.

The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign could not display the full amount.The board was erected to highlight the $2.7 trillion level of debt in 1989.

The clock's owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.

HOLLY COW! WHAT NEXT?

And 1/10th of the MASSIVE National DEBT over the last EIGHT years has been ADDED in ONE WEEK! INSANE!

Complete Article:
http://news.bbc.co.uk/2/hi/business/7660409.stm

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Michael Rossi
Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes
18y
Well, I'm glad to see that my family's share was only a little more than $80K. Of course, it's probably closer to $100K since they've been adding trillions to the tab in the past couple of weeks. Well, that's not quite right either. With about one-third of the people in this country being lazy deadbeats who get handouts, our share is actually more like $150,000 per family.

Mike
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Joshua D.Pro Member
BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
18y
I remember driving past the clock every time I was in the city, when growing up. I can't believe we're past $10 trillion.
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Joshua D.Pro Member
BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
18y
He and the rest of the guys in Washington (Dems and Repubs) are all spinning their wheels, unable to figure this or anything else out.

They don't know any better what is going to happen then you or I do, James. There is blame to go around, and although I'm not a fan of Bush, you cannot put it all on him.
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Joshua D.Pro Member
BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
18y
We print the money, just like everyone else. This is a global crisis and everyone is going to be doing the same thing.
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Steven Gore
Real Estate Investor · Naperville, IL · Member since 2008 · 20 posts · 1 vote
17y
I'm no fan of deficits, bailouts, or bloated Federal bureaus-- but...the raw dollar number can be misleading. I'm sure it's also at record levels-- but what's the % of GDP the debt represents? If I have $100 in debt and $0 income-- I'm in trouble. If I have $1,000,000 in debt and $100,000,000 income-- I'm fine.
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