Sunday, November 06, 2005

[politics] The party of fiscal responsibility, my ass

How's this for a shocker?
Washington, D.C. - President George W. Bush and the current Administration have now borrowed more money from foreign governments and banks than the previous 42 U.S. presidents combined. Throughout the first 224 years (1776-2000) of our nation's history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions according to the U.S. Treasury Department. In the past four years alone (2001-2005), the Bush Administration has borrowed a staggering $1.05 trillion.
It speaks for itself, I think...

2 Comments:

Blogger MichaelBains said...

So THATS how the neo-cons make Tax Breaks work! Forget about all that small government mumbo-jumbo of your classical Conservative philosophers.

You can't run a Fascist Corporation on a shoe-string budget now, can you...

Nice stat ps.

(Found you thru PZ's Pharyngula...)

11/07/2005 04:01:00 PM  
Blogger protected static said...

Thanks - I'd be interested in seeing how they ran the numbers (what year did they choose for baseline, how did they calculate foreign borrowing, etc.) but I can't say I was shocked when I read it...

11/07/2005 09:34:00 PM  

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