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-   -   National Debt Clock Out Of Digits (http://www.clubcobra.com/forums/lounge/92180-national-debt-clock-out-digits.html)

Ron61 10-09-2008 12:07 PM
National Debt Clock Out Of Digits
 
The National Debt Clock in New York has now ran out of enough digits to record the National Debt.

http://news.yahoo.com/s/ap/odd_national_debt_clock

Ron :(

jams 10-10-2008 03:47 PM
I am sure the government can lend NY some money for an extra digit or 2.

MChat 10-10-2008 05:46 PM
How can our Gov't owe more money than what's in circulation?

According to the Federal Reserve H.6 report (http://www.federalreserve.gov/releases/h6/Current/) there is 7.86 Trillion dollars in circulation (electronic and real).

Am I missing something here?

Ron61 10-11-2008 03:43 AM
They just spend it whether they have it or not. Kind of like if you had $30 million and went out and bought $50 million worth of stuff. Main difference is you can't own a printing press and run in and print worthless bills to make it look as if yo have the $50 million.

Ron :CRY:

OZCOBRA 10-11-2008 04:54 AM
That clock is one of the only lasting memories of NY.... We couldn't believe how quick the numbers were ticking over.....and that was back in '94...:eek:

cobra bill 10-11-2008 10:27 AM
4 more years, 4more years, 4 more years!!


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