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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject	7/11/2002 4:36:43 PM
From: tejek	of 1575981

National Debt Clock Restarted in New York .c The Associated Press NEW YORK (July 11) - With government deficits on the rise again, a real estate executive restarted a billboard-sized national ''debt clock'' on Thursday to remind passersby of how much the government is borrowing. The illuminated sign had been dark since September 2000, when developer Douglas Durst pulled the plug after the government debt levels started to decrease because of budget surpluses. But with government debt back on the rise, Durst decided to restart the clock, which was originally put up by his late father Seymour Durst in 1989 to bring attention to what the older Durst felt was a dangerously high increase in government borrowing. The large greenish sign sits atop a building at Sixth Avenue and 42nd Street, one block from Times Square. It flickered to life again Thursday morning, showing a national debt of about $6.12 trillion or a share of $66,800 for each U.S. family. The debt was about $5.5 trillion when the Durst family unplugged the sign nearly two years ago. ''When the sign was darkened, we kept it in place and properly maintained,'' said Anita Durst, Seymour Durst's granddaughter and guardian of the clock. ''If the numbers are increasing over a substantial period of time, my grandfather would want us to start his National Debt Clock once again.'' AP-NY-07-11-02 1232EDT Copyright 2002 The Associated Press.

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