NYC: National Debt Clock

by wallyg | October 7, 2008 at 02:34 pm | 31770 views | add comment | 0 recommendations
NYC: National Debt Clock by wallyg

Invented and bankrolled by New York real estate developer Seymour Durst, the 11-by-26 foot National Debt Clock was erected in 1989. When it first was plugged in, the odometer-style clock whirred furiously as the national debt rose by $13,000 a second. Often the last few digits increased so fast they were just a blur. And at one point in the mid-1990s, the debt was rising so fast the clock's computer crashed.

Under the presidency of Bill Clinton and a push for a balanced budget, though, the clock started ticking in the opposite direction, shaving off roughly $30 a second towards the turn of the century. Durst's son felt that was "sending the wrong message at [that] point" and the clock was shut down until 2002 when the "fiscally conservative" administration of George W. Bush reversed course and brought meaning back to the ticker.

Uploaded by wallyg | October 7, 2008 at 02:34 pm | 31770 views | add comment

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NP! ID: 1773466
Title: NYC: National Debt Clock
Created: Tue, 10/07/2008 - 2:34pm
File Type: image (jpeg)
Modified: Tue, 10/07/2008 - 2:34pm
File Size: 2016 × 1350 – 473.22 KB

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