A figure on Bush's borrowing...

[SP33Demon]

According to U.S. Treasury Department figures, President Bush has borrowed more money than all past U.S. presidents -- combined.

The forty-two previous presidents borrowed a combined total of $1.01 trillion
from foreign governments and financial institutions.

But between 2001 and 2005 alone, the Bush administration borrowed $1.05
trillion -- again, more than all of the previous presidencies combined.

Further, Bush came into office having inherited the largest federal surplus in
American history.

Yet his spending has turned that surplus into the largest *deficit* ever.

And an even higher deficit, $423 billion, is forecast for 2006.

Text

Thoughts?

 

[Todd33]

I grow numb...

 

[BlueWeasel]

The entire Rolling Stone article is excellent. That is all.

 

[BaliBabyDoc]

My only problem is the emphasis on foreign borrowing. Bush is close to "borrowing" at least a trillion from Social Security.

 

[1EZduzit]

Well, at least we don't have slick willy getting bj's in the wh anymore. :roll:

 

[Darkhawk28]

Originally posted by: 1EZduzit
Well, at least we don't have slick willy getting bj's in the wh anymore. :roll:

Well, that BJ cost us $5 trillion in extra debt, 2400 U.S. soldiers' lives, 3000 lives on 9/11, $3/gallon gas, an incoming war with Iran, $300 billion for a war in Iraq, 100,000+ civilian lives in Iraq. Terrible price to pay.

But hey, at least the queers can't marry.

 

[BBond]

Do the new republican/Ebinezer Scrooge inspired bankruptcy laws apply to the federal government? :roll:

When America finally wakes up from this bush concocted dream/nightmare sequence we've been locked in for the past six years we are going to have one hell of a waking nightmare left over.

 

[43st]

Calamitous presidents, faced with enormous difficulties -- Buchanan, Andrew Johnson, Hoover and now Bush -- have divided the nation, governed erratically and left the nation worse off. In each case, different factors contributed to the failure: disastrous domestic policies, foreign-policy blunders and military setbacks, executive misconduct, crises of credibility and public trust. Bush, however, is one of the rarities in presidential history: He has not only stumbled badly in every one of these key areas, he has also displayed a weakness common among the greatest presidential failures -- an unswerving adherence to a simplistic ideology that abjures deviation from dogma as heresy, thus preventing any pragmatic adjustment to changing realities. Repeatedly, Bush has undone himself, a failing revealed in each major area of presidential performance.

Well said. Though this is a Republican trait and not that of only George W. Bush. It should be noted that the Gingrich effect on the Republican party has created the evironment of "divided nation, erractic goverence, etc." Unfortunetly, due to our entitlement culture, responsible government is probably a thing of the past.

The next time you hear how bad our government is remember who made it that way and remember those that will continue to do so. The 2006 and 2008 Republican campaign will be run on "fixing the government" interestingly enough. Too bad for the voters really because they'll buy it hook, line, and sinker.