Thursday, March 30, 2006
Too High To Count
I wish I could get some sort of amusement out of
this,
but I can't.
Since Yahoo doesn't keep old news around, here's a little something that
explains what I was driving at:
The most famous debt clock, located in Times Square in New York City, was
created by eccentric estate mogul Seymour Durst. The clock is now owned by his
son Douglas Durst. Durst's clock was deactivated in 2000 when the debt began to
decrease. However, following large increases, the clock was reactivated a few
years later, though had to be moved to make way for One Bryant Park
(Interestingly, some "man on the street" interviews showed that some people felt
that the sign's deactivation meant that the debt had been eliminated, though it
remained at roughly $5 trillion.). According to Durst, the National debt is now
increasing at such a rate that his clock will be obsolete (for lack of
digits) when the debt reaches the $10 trillion mark, expected in the next
two years.
It's the sort of thing that emphasizes the fact that the majority of people
running our government just pay lip service to those of us who don't finance
their political ambitions. Will we ever get fiscal responsibility back in
Congress? Why can't we get a Constitutional amendment permitting the
Line Item Veto? I
can't handle any more
pet
pork projects from Ted Stevens.
I'm willing to forgive Newt
Gingrich if he promises to help get spending back in line. Can't W do
something useful like pardon him and put him in charge of the budget or
something?
Don't any of them see China's got us by the balls? They're buying up T-bills
every year to cover our annual deficit. When the time comes to
force
Taiwan back into the fold, China will have the upper hand with us. "Defend
Taiwan and we'll stop paying your debt." Maybe we'll have to sell them Alaska to
settle up our tab. I imagine that Ted Stevens would fit in quite well with the
minds of Bejing.
Better idea: Let's declare bankruptcy and start over again! :D
I imagine that should mess with the dollar badly enough that the yuan would
suffer a thousand fold!
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About Me
Name: DED
Location: United States
I'm a stay-at-home Dad who survived dotcom burnout and a
chemical engineering career that fizzled. Once the kids are in school full time,
I'll need to find a new job, but I'm hoping for a new career: writer.
I'm a moderate
libertarian, rational environmentalist, science and technology enthusiast,
who reads and watches sci-fi, drinks and brews beer, and listens to metal.
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