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October 3, 2008

Mo debt digits needed! 10 trillion in the hole and counting

news, politics, finance — by TDavid @ 9:32 am PST

If you happen to be in the minority in America that is for the bailout that the House contemplates, which they are now trying to sell as a "rescue" plan, then you might find it interesting that national debt clock has run out of digits, according to CNN reporting this morning.

cnn-nationaldebt-notenoughdigitscnn-nationaldebt-10trillion1

The first screencap above shows the clock which has had to have three digits added since 1989. Three digits. Here are how the 14 digits stack up:

$00, … 000, … 000, … 000, … 000
trillion … billion … million … thousand

So in 1989 when it went up the thought was that 99 billion of debt would be enough space. Then a first digit was added to make it to 999 billion. Oops, not enough. Move to 9 trillion ceiling which they believe would make it until Spring 2009. Not any more.

National debt close to doubles during Bush presidency

When George Bush took over the presidency in 2000, the national debt was at 5.78 trillion dollars:

national-debt2

By the time Bush leaves office the national debt will be close to double, just look where it is now:

national-debt1

No matter what your feelings are on the Iraq war or the bailout/rescuse/whatever the truth is clear: we can’t afford it!

Go straight to sextillion, already

If the national debt sign modders are smart they’ll just skip the 99 trillion ceiling and go straight to sextillion. At the rate this is growing that might last awhile. Doing this would skip quadrillion and quintillion and go straight to something sexy. Americans love sexy things, after all. That’s 21 zereos and would look something like this as a ceiling:

000 (sextillion),000 (quintillion), 000 (quadrillion), 000 (trillion), 000 (billion), 000 (million), 000 (thousand)

Seriously, here’s a better idea: let’s do something about paying down the debt. It’s going to be even more difficult to do this if the bailout/rescue/whatever is approved. The bailout/rescue/whatever that has now grown by another $150 billion and gone from an original draft of 3 pages to 451 pages of fat.

This is so illogical that it would drive the entire Vulcan race into extinction.

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RSS Feed comments for this post 6 Comments »

  1. Unbelievable. If this isn’t discouraging, I don’t know what is. No American citizen should be in favor of the bailout. Why should we bail out companies for mistakes that they made? In America, we have free choices - and we should have to deal with the consequences of the wrong choices we make.

    Comment by agentmulder — October 3, 2008 @ 12:51 pm PST

  2. I wish someone would let me run up that much debt and not have to pay it off.

    Comment by Sterling Camden — October 3, 2008 @ 3:32 pm PST

  3. Wouldn’t it be appropriate if we purchased the extra digit for the National Debt Clock from China?

    Comment by Kong — October 8, 2008 @ 12:07 pm PST

  4. … and borrowed the money for it from them as well.

    Comment by Sterling Camden — October 8, 2008 @ 2:49 pm PST

  5. […] Mo debt digits needed! 10 trillion in the hole and countingComment from Kong: "Wouldn’t it be appropriate if we purchased the extra digit for the National Debt Clock from China?"Tags: nationaldebt debt china economy […]

    Pingback by Chipping the web: October 8th -- Chip’s Quips — October 9, 2008 @ 7:03 am PST

  6. Wow, just visited a past post here on February 13, 2007 and the debt was at 8.7 trillion then. Today, halloween 2008?

    national-debt-103108.jpg

    10.5 trillion! That’s an increase of nearly *2 trillion dollars* in 20 months!

    Comment by TDavid — October 31, 2008 @ 6:59 am PST


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