Durst Debt Clock Keeps Right on Ticking as Legacy to Him

Monday, 02 May 2011 05:03 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The family of late New York real estate mogul/eccentric Seymour Durst is keeping his most famous contribution to society, the National Debt Clock, up and running. His son Douglas now maintains the clock, installed on a building in Manhattan, along with the Durst Organization, reports NYMag.com.

Debt Clock, crop, Durst“Historically, the clock is most important when no one is thinking about the debt,” company director Jordan Barowitz told the website. “It’s this silent vigil, churning away.” 

The senior Durst, who died in 1995, had the clock built for $100,000 in 1989. It features the total national debt, as well as the amount that every U.S. Household would owe, theoretically. It was shut down briefly and draped in red, white, and blue back in 2000 when the debt was retreating.

In April, Rep. Tom Reed, R-N.Y., suggested that a replica of the clock be installed on the floor U.S. House.



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved