Debt Clock
Posted on
September 21, 2009
at
1:51 am
It could mean anything - National Debt Clock, the Statue of Limitations on collection of debt, how long a debt is reported on the credit report, etc., but what do you think it pertains to really?Share your thoughts here:
Posted on
September 21, 2009
at
2:00 am
If Debt Clock pertains to the National Debt Clock..then this trivia: The National Debt has continued to increase an average of $3.89 billion per day since September 28, 2007!I just don't know what it means exactly..
Posted on
September 21, 2009
at
2:03 am
Okay, if you want more on debt clock, here's an faq:http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm
Posted on
September 21, 2009
at
3:10 am
That National Debt Clock is at One Bryant Park right? What is it for anyway? A political statement via an art work?
Posted on
September 21, 2009
at
3:16 am
I think the debt clock is for monitoring public debts. I read somewhere that it ran out of digits at some point. Although I do not understand it much - just like you - monitoring it may have something to do with --if the digits increase, then so are the taxes and cost of living..something like that. The whole public debt subject is about the government borrowing money from lending institutions within the country and outside of it.'Hope somebody explains this further..
Posted on
September 21, 2009
at
3:20 am
This national debt clock thing is better than the aquarium channel...I don't really understand why a whole channel is dedicated to life inside the aquarium..but what the hey right?I think that the debt clocks should also have its own channel, very zen. Come watch with me? http://www.usdebtclock.org/
Posted on
September 21, 2009
at
3:34 am
Debt Clocks:"is meant to provide a graphic perspective on an important economic issue.""Not since the second world war have so many governments borrowed so much so quickly or, collectively, been so heavily in hock.""Across the rich world, governments are borrowing vast amounts as the recession reduces tax revenue and spending mounts on bailouts, unemployment benefits and stimulus plans.""By 2050 a third of the rich world's population will be over 60. The demographic bill is likely to be 10 times bigger than the fiscal cost of the financial crisis."
Posted on
September 24, 2009
at
2:25 am
Does the SOL on debt have a direct correlation to the concept of a debt clock? Or is it an entirely different option altogether?
Posted on
October 6, 2009
at
10:10 pm
Actually there is such a thing as a debt clock. For one, the US National Debt Clock can be found in Manhattan, and it updates on a regular basis. It shows the current amount of the US public debt, as well as each American family's share towards it.The concept of the debt clock is to foster "intergenerational equity," so as to make the next generations be more aware of current concerns, and at the same time prevent them from having to carry this additional burden in the future.
Posted on
October 7, 2009
at
12:13 am
Also, as of this writing, the National Debt Clock recorded $11.9 trillion in national debt. That also means that each US citizen owes $38,770 in debt.
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