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National Debt Clock Torn Down
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Contributor | Gerald Farinas |
Last Edited | Gerald Farinas Apr 13, 2004 05:20pm |
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Category | News |
Media | News Service - Associated Press |
News Date | Tuesday, April 13, 2004 06:00:00 AM UTC0:0 |
Description | National Debt Clock Torn Down
The Honolulu Advertiser
The national debt clock, a billboard-size sign that reminded Manhattan passers-by of how much the government is borrowing - in trillions of dollars - has been taken down. A new clock will be erected a block north, the sign's owner said Tuesday. The old digital clock is being stored in a warehouse because the building where it sat, at Sixth Avenue and 43rd Street, is being demolished, said Mortimer Matz, a spokesman for the Durst Organization, which owns the sign. A new high-tech digital clock will be raised next month atop a building at Sixth Avenue and 44th Street, just east of Times Square.
The last time the clock went dark was in September 2000, when developer Douglas Durst pulled the plug after government debt levels started to fall because of budget surpluses. It was restarted two years later, when government deficits began to rise again. |
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