August 29, 2011
USDebtClock.org
Democrat David Weprin, an assemblyman and former city councilman, said he is running because it is a "very exciting time fiscally, with the nation's debt situation, with the debt ceiling, with the deficit."
He touted "a unique background and something to contribute, having a 20-year private-sector career in public finance as well as being the City Council chairman of the Finance Committee for eight years."
Soon after, the following exchange took place:
Daily News: "Right now, how big is the debt?"
Weprin: (Pause) "Trillions."
News: "But how many?"
Weprin: (Deer in headlights look.) "I got caught up on this once before," referring to his inability while running unsuccessfully for city controller in 2009 to state that office's budget.
News: "This is central to what is going on in Washington."
Weprin: "About 4 trillion."
News: "Four trillion is the debt?"
Weprin: "Right."
Well, he was off only by a $10 trillion order of magnitude. As has been reported far, wide and ad nauseam, the U.S. is burdened by a debt of roughly $14 trillion.
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