The National Debt Clock is the name given to devices that provide an “up-to-the-second” running tally of the National Debt of the United States Government. Below is an example of The National Debt Clock, showing the United States National Debt as of this very moment.
|The National Debt Clock|
If you’re not used to seeing numbers that big, you’re not alone. The National Debt is measured in “trillions” of dollars. To put that into perspective, keep in mind that a “billion is a thousand million”, and a “trillion is a thousand billion”. It’s a lot of debt!!
The National Debt of the United States Government is growing at a staggering rate. In fact, in 2009, it’s growing by an average of almost $5 billion each and every day. That’s how much your government is borrowing each day to pay for government spending that is above and beyond what it collects in tax revenues. Clearly, the process is out of control.
The original National Debt Clock was erected in New York City’s Times Square in 1989, when the national debt was just $2.7 trillion. However, as the national debt approached $10 trillion in 2008, there was a slight problem. It seems the Times Square National Debt Clock didn’t have enough digits to accommodate a national debt of $10 trillion or higher. So when the national debt reached $10 trillion, the digital dollar sign on the Times Square National Debt Clock was changed to a “1”, and a new “manual” dollar sign was pasted in front of the “1”.
When the Times Square National Debt Clock was first put up in 1989, a national debt in excess of $10 trillion was unthinkable. Now, we have zoomed past that figure, and current projections indicate the national debt will surpass the $20 trillion mark during the Obama administration.
It’s imperative that we let our elected officials know how we feel about the federal government’s reckless borrowing and spending that is destroying the very foundation of our economy and our nation. Please contact your Congressman and Senators and tell them you oppose the explosive growth in our national debt.
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