In 1989 Manhattan real estate developer erected the national debt clock near Times Square. The total was “only” $2.7 trillion. With the debt busting past $10 trillion, the clock is now out of room. Reports the Associated Press:
In a sign of the times, the National Debt Clock in New York City has run out of digits to record the growing figure.
As a short-term fix, the digital dollar sign on the billboard-style clock near Times Square has been switched to a figure — the “1” in $10 trillion. It’s marking the federal government’s current debt at about $10.2 trillion.
The Durst Organization says it plans to update the sign next year by adding two digits. That will make it capable of tracking debt up to a quadrillion dollars.
The late Manhattan real estate developer Seymour Durst put the sign up in 1989 to call attention to what was then a $2.7 trillion debt.
And just wait until all of bail-out payments have to be recorded. It migiht not be very long until we have to start talking about quadrillions of dollars of debt!