US debt clock runs out of digits

rags2riches · Oct 9, 2008, 3:12am

BBC NEWS | Business | US debt clock runs out of digits

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.

Douglas Durst, son of the late Seymour Durst - the clock's inventor - hopes to replace the Manhattan clock with its lengthier replacement early next year.

For the time being, the Times Square counter's electronic dollar sign has been replaced with the extra digit required.

For its part, the digital dollar symbol has been supplanted by a cheaper version - perhaps a sign of the times for the American economy.

Some economists believe the $700bn bail-out plan for ailing US financial institutions could send the national debt level to $11 trillion.

£10kLoser · Oct 9, 2008, 5:21am

It is rumoured that the US went bankrupt on 30th September (massive foreign debt) and Japan bailed them out with its trillions in gold reserves. It was calculated that the actions of a bankrupt US would be far worse than if they never get the money back...

fibonelli · Oct 9, 2008, 2:59pm

DaxDestroyer · Oct 9, 2008, 3:18pm

Quote:

Originally Posted by rags2riches

BBC NEWS | Business | US debt clock runs out of digits

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.

Douglas Durst, son of the late Seymour Durst - the clock's inventor - hopes to replace the Manhattan clock with its lengthier replacement early next year.

For the time being, the Times Square counter's electronic dollar sign has been replaced with the extra digit required.

For its part, the digital dollar symbol has been supplanted by a cheaper version - perhaps a sign of the times for the American economy.

Some economists believe the $700bn bail-out plan for ailing US financial institutions could send the national debt level to $11 trillion.

Their fault ... to add more digits ... if they let it run ... it will show just ZEROS

This is anyway, what will happen some day ... currency reform

Adamus · Oct 10, 2008, 12:45pm

America - Zimbabwe - the A to Z of financial prudence!

Oct 9, 2008, 3:12am	#1
rags2riches Senior Member Member Since Feb 2007 406 Posts	US debt clock runs out of digits BBC NEWS \| Business \| US debt clock runs out of digits 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. Douglas Durst, son of the late Seymour Durst - the clock's inventor - hopes to replace the Manhattan clock with its lengthier replacement early next year. For the time being, the Times Square counter's electronic dollar sign has been replaced with the extra digit required. For its part, the digital dollar symbol has been supplanted by a cheaper version - perhaps a sign of the times for the American economy. Some economists believe the $700bn bail-out plan for ailing US financial institutions could send the national debt level to $11 trillion. __________________ "Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power." - Lao Tzu "A woman is a lot like a refrigerator. 6 feet tall, 300 pounds ... it makes ice." "Facts are meaningless. You could use facts to prove anything that's even remotely true!" "How is education supposed to make me feel smarter? Besides, every time I learn something new, it pushes some old stuff out of my brain." - Homer Simpson

Oct 9, 2008, 5:21am	#2
£10kLoser Veteran Member Member Since May 2008 650 Posts	Re: US debt clock runs out of digits It is rumoured that the US went bankrupt on 30th September (massive foreign debt) and Japan bailed them out with its trillions in gold reserves. It was calculated that the actions of a bankrupt US would be far worse than if they never get the money back...

Oct 9, 2008, 2:59pm	#3
fibonelli Legendary Member Member Since Oct 2006 1,341 Posts	Re: US debt clock runs out of digits __________________ Audere est Facere "The trend is your friend and divergences are your best friend until the bend at the end" Party on like it's 1930, until Mr C (Wave) gatecrashes the party.

Oct 10, 2008, 12:45pm	#5
Adamus Legendary Member Member Since Mar 2008 1,885 Posts	Re: US debt clock runs out of digits America - Zimbabwe - the A to Z of financial prudence! __________________ What matters most is how well you walk through the fire.

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