Debt clock to get 2 more digits.

[rockouthippie]

If you think the national debt is bad, the people who own the National Debt Clock are even more pessimistic: They're planning on reformatting their Times Square-area ticker so it can keep track of a debt 100 times bigger than the current $10 trillion.

With the national debt now at $10.1 trillion, the late Seymour Durst's legendary National Debt Clock has run out of space. To fix it, the Durst Organization plans to add places for two extra digits next year, a spokesman said.

http://www.nypost.com/seven/10052008...ock_132227.htm

Seymour Durst turned the clock off for a while a couple of decades ago because it was never designed to count backwards.

I doubt his son, who now runs the clock will be doing that any time soon

U.S. NATIONAL DEBT CLOCK online:

http://www.brillig.com/debt_clock/

[sgtfuzzbubble011]

Heard about this on the radio. That's scary.

[Too-DAMN-Much]

only two extra digits?

[leonel80]

That is a really sad problem that is only getting worst. We need a real plan and take this jet that is crashing at Mach 3 speed again! May be he will need more space over the next year.

[Too-DAMN-Much]

?

jet plane?

[webthing]

Treasury Auctions To Take US Over Debt Ceiling On Monday

May 11, 2011

WASHINGTON -(Dow Jones)- The Treasury Department auctioned $56 billion in new debt Tuesday and Wednesday, enough to take the U.S. over its federal debt ceiling when the three- and 10-year notes settle on Monday.

Treasury officials last month flagged May 16 as the day the government would hit the $14.294 trillion debt limit.

The U.S. is selling $72 billion in new debt over three days this week. The Treasury auctioned $32 billion in three-year notes Tuesday and $24 billion in 10-year notes Wednesday, and will sell $16 billion in 30-year bonds Thursday. All of the auctions will settle Monday.

As of Tuesday, total debt subject to the limit was $14.274 trillion, according to the Treasury Department.

The Obama administration has asked Congress to raise the limit, warning that failure to act could lead the government to default by Aug. 2--and could spook investors even before then.

House Speaker John Boehner (R., Ohio) said Monday that any increase in the government's debt limit should be accompanied by trillions of dollars in spending cuts.

"It's true that allowing America to default would be irresponsible. But it would be more irresponsible to raise the debt limit without simultaneously taking dramatic steps to reduce spending and to reform the budget process," he said.

http://www.nasdaq.com/aspx/stock-mar...ling-on-monday

[rockouthippie]

Bummer. No more government cheese for watadoo.