Let's talk about debt.
February 7, 2006 5:04 AM Subscribe
More red ink.
The White House has just released the budget for 2007
. If approved by Congress, this budget would increase defense spending by 24%, cut money from healthcare, education, and the environment all while adding another $354 billion to the U.S. debt. (NPR analysis.)
. At the end of FY2000, the U.S. debt
- the accumulation of the deficit spending of all previous 42 U.S. Presidents - was $5,674,178,209,886.86. Today it is $8,195,544,127,376.07 (here is an up-to-the-minute estimate.)
Bush took office with a budget surplus and a forecast of a cumulative 10-year surplus of $5.6 trillion. In just 6 years, the party of tax cuts
and balanced budgets
, under the steady leadership of President number 43 has added 45% to the Ú.S. national debt.
posted by three blind mice (74 comments total)