Sign of the Times: National Debt Clock in Times Square Runs Out of Digits
The National Debt Clock situated near Times Square ran out of numbers as the federal government's debt soared to $10.2 trillion. The billboard style clock, which was erected in 1989 by late Manhattan real estate developer Seymour Durst, was only equipped to handle a debt of up to $9,999,999,999,999.
The current economic crisis helped push the clock over that mark. As a temporary solution, the space that formerly held the dollar sign is now the number 1. The clock's owners plan to make room for two additional digits on the board next year.
When Durst first launched in the clock in 1989, the national debt was a paltry $2.7 trillion. With an estimated $341.4 million spent per day on the war in Iraq alone, the number will continue to rise at a rapid pace.