Thursday, October 9, 2008

Well, this Can't Be Good....

From the BBC:

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.

UPDATE: As of 2 PM MST today, the above link had made it to the top of Yahoo's front page news, posibly as a result of the bank nationalization plan and the fact that the DJIA has another spectacularly shitty day. Earlier, I was going to call for a DOW of about 8200 prior to the elections; now I think we could drop as low as 6500 by the time we go to the polls.


Mauigirl said...

Sad that the clock can no longer record such an astronomical sum.

Jess Wundrun said...

Interesting that the BBC had to point it out. Wouldn't want a General Electric or Rupert Murdoch flunkie to get fired for writing that piece.

Demeur said...

Oh a trillion here a trillion there what's the dif we're bankrupt.