National debt clock makes impression on studentsApril 25, 1997
Matthew Lester / The Baylor Lariat
Drew Scheberle, Texas State Director of the Concord Coalition speaks about the national debt at Fountain Mall on Thursday. The Concord Coalition sponsors the clock to advocate federal budget deficit elimination.
By Tamara Waite
$5.3 trillion and still ticking...
A small group of students braved the rain Thursday morning to watch the numbers skyrocket on the 20-foot debt clock parked at the Burleson Quadrangle.
The Concord Coalition Debt Clock, which is rolling its way across Texas this week, arrived on campus on a trailer pulled by a Ryder truck.
The clock is sponsored by the Concord Coalition, a grass-roots, non-partisan political organization that advocates the elimination of the federal budget deficit.
'The Concord Coalition is dedicated to educating people about the national debt,' Jay Whitis, president of the Heart of Texas Chapter, said. 'The clock is an effective tool for displaying exactly how much the deficit rises each second.'
According to the debt clock, the national debt is growing by $9,000 each second.
'Having the clock on campus and letting students speak about the issues are worthwhile ways to raise awareness of the national debt,' said Colin Swindle, a Tulsa, Okla. junior, who spoke at the event.
Swindle, president of the Young Democrats, said there is currently more than $100 billion in unpaid taxes.
'If these taxes were paid off, it would lower the deficit significantly,' Swindle said.
Swindle said that under the administration of President Bill Clinton, the deficit has fallen every year between 1991 and 1996--a feat that has not been accomplished since the 1950s.
Swindle also spoke about the moderate budget plan endorsed by Charles Stenholm, a Democratic representative from Abilene, and the Concord Coalition, which not only balances the budget but also provides for a surplus by the year 2002.
Collin Boothe, a member of the College Republicans and a Yoakum sophomore, also spoke Thursday morning on the topic of the national deficit.
Copyright © 1997 The Lariat
Comments or Questions can be sent to The Lariat