One Durst Not Joke With This Man About US Debt

TEN years ago, Seymour Durst sent a postcard to every member of Congress with the greeting: ``Happy New Year, You Owe $150 - Your Family's Share of the National Debt.'' Today, he is still sending postcards and hopes to send a less subtle reminder to Capitol Hill: a national debt clock.

Mr. Durst, a real estate mogul, wants Washington to watch as the nation's debt rises at the rate of $8,000 per second. ``I asked the real estate people to find a place,'' says Durst, who owns and assembles large blocks of real estate in New York.

The clock currently resides on the side of a building owned by the Durst Organization on the corner of 42nd Street, one block east of Times Square. It is a 25-foot-wide olive green device that informs the public how much interest is accruing on the $2.8 trillion in national debt and what the average family's share of it is. On a recent Friday, it informed New Yorkers they owed $44,195 per family.

Durst says he got the idea for the clock from a quotation of George Washington's that said, ``People don't see things until they actually feel them.'' Apparently other people feel the same way as Durst. He says there is a group trying to erect a similar clock in San Francisco and an individual who wants to put one on the back of a truck which would visit small towns. ``There are a number of organizations working on this,'' says Durst.

If Durst does move the clock to Washington, he has no illusions about the reaction in Congress. ``I know a couple of Congressmen and they don't like me very much,'' he says.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK