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October 9th, 2008

US Debt Too Large For National Debt Clock

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From The Consumerist:

Now that we’ve hit double-digit trillions, the “National Debt” clock that’s been running constantly since 1989 in New York City’s midtown can no longer properly display the total. Brian Williams says they’ve had to temporarily adjust the display while they build a new one, slated to go up next year. We’re not sure anyone should be spending money on a fancy new hi-tech clock right now—maybe they should just hang a big chalk board, and hire an unemployed investment banker to write the new debt each day.

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2 Responses to “US Debt Too Large For National Debt Clock”

  1. Harry Says: October 22nd, 2010 at 3:29 pm

    If you lined up 12 trillion dollars worth of one dollar bills end to end, the one dollar bills would circle the Earth more than 33,000 times. Thats how much debt this nation is in. Do the math…a dollar bill is 6″ wide and 25,000 miles will take you around the equator of the Earth once. I personally beleive we are not far from seeing the dollar collapse and become worthless, as to say a man with $1,000,000 in his possession will be no richer than a man who only has a handfull of pennies, and both no richer than a man with empty pockets and no wallet.

  2. Tim Manni Says: October 22nd, 2010 at 3:37 pm

    Harry,

    Wow, thanks for that perspective! Hope to hear from you again soon, thanks,
    Tim

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Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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