Katie Couric's Notebook: Sign Of The Times
Since 1989, the National Debt Clock has been a fixture in Manhattan's Times Square. After you've dropped a cool $200 on a Broadway Show, a glimpse of its ominous ticker might deter you from that $20 nightcap.
Video: And now, that clock has run out of numbers. Our national debt, now at $10.2, is one digit larger than the spots available on the sign.
When real estate mogul Seymour Durst created the clock back in 1989, the debt was at $2.7 trillion. Since 2003, it has grown by half a trillion each year, and the bailout Congress just signed will likely kick that number up even higher by the end of 2008.
But rather than retiring the debt sign, the Dursts will redesign it to include enough spaces for a quadrillion.
Expanding the credit line when money is tight - isn't that how we got into this mess in the first place? The debt clock literally is a sign of the times.
Best-selling author Mitch Albom on his first nonfiction work since "Tuesdays with Morrie."
Our national debt is composed of more than dollars!!
Click on the link
wrote on 10/11/2008 06:49:08 PM:
You Sarah Failin IDIOTS read for yourself why Trooper Wooten got his Job with the State Police.
http://extras.mnginteractive.com/live/media/site163/2008/0721/20080721_111415_PalinLetterofRecomend.pdf
"As a very important source of strength & security, cherish public credit. One method of preserving it is to use it as sparingly as possible: avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it--avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of Peace to discharge the Debts which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burden which we ourselves ought to bear."
http://gwpapers.virginia.edu/documents/farewell/transcript.html#p21
I am both ASHAMED and EMBARASSED to be a US Citizen because it is NO LONGER George Washington%u2019s country. SAD!
- by musa_sartor October 10, 2008 9:05 PM EDT
- We need our republic back. Buy a horse, barter only with locals and send the private bankers of the house of Saud, Rus, Rothschild, Kings and Queens a message, America is no longer open for International business. Tell the IMF, Warren Buffet, George Soros, Bill Gates and CBS that power is with the righteous. We fear no money manager, computer whiz or oracle from Omaha. Keep it natural, praise God and support your local sheriff. Godspeed Alex Jones and Ron Paul.
- Reply to this comment
See all 11 Comments