Who owns the national debt clock and maintains its upkeep?
The USA’s national debt is increasing by $2.43 billion everyday. People expect the state debt to top the ten trillion dollar mark in the next few years. A special huge electronic display in New York which shows in real time the size of state debt will not be able to cope with such a high figure. In 1989 the national debt clock was placed in Times Square so that Americans could see how effectively their government was working. At the time the national debt stood at 2.7 trillion dollars. Yesterday at midday Moscow time the debt stood at $8 369 526 197 055.36. It even rose yesterday by $604 million. If the figures are to be believed, yesterday every American family bore a debt of almost $90 000. Developer Douglas Durst owns the clock and his father erected it. He hoped to make Americans understand the economy better. The clock worked fine for ten years but in the run up to the new millennium it crashed. In its final moments the clock read that the national debt was $5.7 trillion and that
Have you wondered just how much national debt America is incurring each day? Maybe you’d like to check the U.S. National debt clock to determine where that debt is coming from. The national debt clock began in 1989 by a New York real estate developer named Seymour Durst. The clock is a large sized display, approximately the same size as a billboard that is affixed on Sixth Avenue in Manhattan. The clock is a seven segment indicator or seven segment display that is used to show decimal numbers. It is similar to the reading of numbers on a digital clock. Not only does the national debt clock show how much debt the nation is incurring, but lets Americans realize how much their family contributes to it. The original debt clock’s founder, Seymour Durst, passed away in 1995. After his passing, his son, Douglas Durst, became president of the Durst Organization. The Durst Organization owns and maintains the clock to this day. The clock has undergone several upgrades over the years. The first c
Have you wondered just how much national debt America is incurring each day? Maybe you’d like to check the U.S. National debt clock to determine where that debt is coming from. The national debt clock began in 1989 by a New York real estate developer named Seymour Durst. The clock is a large sized display, approximately the same size as a billboard that is affixed on Sixth Avenue in Manhattan. The clock is a seven segment indicator or seven segment display that is used to show decimal numbers. It is similar to the reading of numbers on a digital clock. Not only does the national debt clock show how much debt the nation is incurring, but lets Americans realize how much their family contributes to it. The original debt clock’s founder, Seymour Durst, passed away in 1995. After his passing, his son, Douglas Durst, became president of the Durst Organization. The Durst Organization owns and maintains the clock to this day. Sources:
