The National Debt Clock Ran Out of Digits

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According to CNN:

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. It’s marking the federal government’s current debt at about $10.2 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 late Manhattan real estate developer Seymour Durst put the sign up in 1989 to call attention to what was then a $2.7 trillion debt.

I was in the former Yugoslavia in the late 80’s/early 90s, just as they’d had to devalue their currency. My then-boyfriend and I were mystified whenever locals tried to explain to us that we needed to add three zeroes or subtract them, who knew which, from whatever was on the bill. Either our disgusting room cost us $10 or $100, we were never quite sure. Everywhere we went, guys with unibrows and “Natasha-and-Boris” accents were pssst-ing at us and going “change mon-ye? change mon-ye?”

You see, back in those long gone days, US currency was the bomb. Now it’s just a bomb, I guess. Will we eventually become the slightly scary guys desperately trying to get foreigners to change their good money for our lousy stuff?

I’ll have to check with the ex-boyfriend; maybe that was Hungary. Either way, we seem to be going the same way. Backwards.

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WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We canā€™t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

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