October 9th 2008
UNITED STATES - The clock has run out on the national debt.
The national debt clock, the unofficial tracker of the federal budget deficit maintained by the Durst Organization in New York, has reached its limits. Last month, as the national debt exceeded $10 trillion for the first time, the clock ran out of digits to record the number.
The dollar sign in the clock had to be deleted and replaced with a one to record the massive number. The clock’s owners say a new model — with space for two extra digits — will be in place early next year.
Now the debt clock will be able to reach the quadrillions. Hopefully, that’s not a level that will be breached any time soon.