Two months ago (March 31st) as I was strolling along West 44th Street enroute to my meet-up downtown with Froggy and Cranky, I took a photograph of the National Debt Clock under a rainy sky:
Curious to see if the debt had grown in two months time, I logged onto the online version of the debt clock this morning:
It turns out that the dept per taxpayer had jumped $10,538 in just two months time! Overall, the national debt had increased $572.550,162,763 in that time period!
I remembered from earlier days in Manhattan when the clock was first put up on the side of the building. I found an article in The New York Times from within a year's time (1990) of the clock having been unveiled and was interested to see the much smaller overall debt of $2.978 trillion!
Family share of debt was $45,813 compared with $127,982 in March of this year. The online debt clock appears to equate "taxpayer" with family putting the current family debt, as of this morning, at $138,520!
Say, add in a few more zeroes and you're into the high roller category!
Since then, the only noteworthy addition to the block has been the ''National Debt Clock,'' a digital display that furiously ticks off the growing debt and ''Your Family Share.'' (In the middle of last week, the figures were $2.978 trillion overall; or $45,813 a family.) The clock was put up by Douglas's father, Seymour B. Durst.
--David W. Dunlap, The New York Times, February 18, 1990
Story and top photo are © 2012 by B+Co., Inc.