Man, We're Screwed: National Debt Clock Runs Out of Digits
Though the Dow dropped below 9,000 today, and the Bush administration is considering buying into banks to stabilize lending, here's an even bigger sign that we're screwed:
The National Debt Clock has run out of digits.
You may recall the New York City landmark that keeps a running tab on the national debt, and also calculates your family's obligation in covering it -- that would be $86,000. But when it was launched in 1989, no one anticipated the debt would break the lofty $10 trillion mark, so it wasn't built with that many digits.
Alas, we've now achieved this soaring figure, but the clock can't count that high. Operators expect to have it rebuilt by next year. I think we can all agree we're going to need it.
Comments
And no one expected it would double during the time W was in office. Oh wait, the GOP never wants to spend, right? Bull. Of course, they're not tax and spend liberals, just borrow and spend conservatives, so I guess that makes it alright.
Posted 10/09/2008 at 05:24:25 PMAnyone remember the good old days right after the Clinton years when the National Debt Clock was actually
turned off? Good times, good times.
So much for the MBA president. And you thought the Republicans were the party of "fiscal responsibility"! LOL! Joke's on all of us.
Posted 10/09/2008 at 08:06:05 PMThe real national debt clock has never been "off" because it calculates debt on an accrual accounting basis - not a cash basis.
And the biggest items on that debt clock are the unfunded liabilities for social security and medicare.
All the liberals who proclaim to be so "concerned" about the national debt will squeal like stuck pigs at any attempt to cut spending on those programs.
Posted 10/13/2008 at 08:07:04 AM