Archive for the ‘Debt Clock’ tag
US National Debt Clock runs out of digits at 10 trillion
Democracy Now! In a sign of the times, the National Debt Clock in New York City has run out of digits to record the growing figure. When the national debt topped the $10 trillion point last month, the sign could not display the full amount. A larger debt clock is scheduled to be installed next year. Meanwhile, the prominent political analyst Larry Sabato has criticized both the McCain and Obama campaigns for their handling of the economic crisis.
Larry Sabato: “On this, I’m going to be critical of both candidates. One lives in Disney World, and the other lives in Disneyland. They’re separated by a continent, but they’re united in proposing loads of new tax cuts and lots of new spending. You know, apparently, no one on their staff has told them that we’re bankrupt, that we have ten trillion in national debt, with trillions more being ladled on top.”
