Berkeley CSUA MOTD:Entry 51444
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2008/10/9 [Finance/CC] UID:51444 Activity:high
10/9    "NYC National Debt Clock runs out of digits"
        http://news.yahoo.com/s/ap/20081009/ap_on_re_us/odd_national_debt_clock
        Is it even possible to pay off the national debt, both in theory and in
        practice?
        \_ If we conquer the country we borrow from, we'd have 0 debt.
           \_ we would be unable to fight chinese HUMAN WAVE attack re:
              Korean War.
              \_ Well... technology has improved a lot since the Korean war.
                 The Chinese would do the wave attack at night in Korea
                 because it was difficult to use area attacks like naplam at
                 night then.  This isn't a problem now.  On the other hand,
                 China has better was to tattack now as well.
                 China has better ways to attack now as well.
                 \_ But scary Chinamen already infiltrated United States!
                    Just look at the recent case of Wen Hao(sp)
                    \_ I think they have secretly infiltrated the Federal
                       Reserve
                    \_ I thought you were going to say William Hung.
        \_ not sure.  McCain increasing spending and cutting taxes probably
           won't cut it down much.  Why does he keep complaining about
           earmarks, it's like .05 percent of the total budget.  He just
           mentioned the bridge to nowhere again!
           \_ Same reason pol's like to talk about bank CEOs getting millions
              during the crisis.
        \_ I don't see why not, it is still only $30k/person. I think the
           average American consumer has that much credit card debt at this
           point. The real way we will pay it down is to grow the economy so
           that the debt is a smaller piece of it.
                \_ Why does having credit card debt it easier to pay off the
                   national debt?
                   \_ Do you think people are going to pay off their credit
                      card debt?
Cache (909 bytes)
news.yahoo.com/s/ap/20081009/ap_on_re_us/odd_national_debt_clock
AP NYC National Debt Clock runs out of digits Wed Oct 8, 10:03 PM ET NEW YORK - In a sign of the times, the National Debt Clock in New York City has run out of digits to record the growing figure. As a short-term fix, the digital dollar sign on the billboard-style clock near Times Square has been switched to a figure -- the "1" in $10 trillion. The Durst Organization says it plans to update the sign next year by adding two digits. That will make it capable of tracking debt up to a quadrillion dollars. The National Debt Clock is shown near Times Square in New York, Wednesday, Oct. The clock has run out of digits to record the growing figure. As a temporary fix, the dollar sign has been switched to a figure--the '1' in $10 trillion. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.