Friday, September 24, 2004
our reckless president and the national debt
Now I understand why the "red states" are referred to as such...
The federal government has a handy website on which you can look up information about our national debt.
According to the goverment's own data, during the 8 year period of the Clinton presidency, the debt rose by 1.7 trillion dollars (from 4.1 to 5.7 trillion).
During the first 3 years alone of W's presidency (from January 2001 to and January 2004) the national debt rose by 1.3 trillion dollars (from 5.7 to 7 trillion)
During Clinton's years, the debt rose by an average of .2 trillion a year. So far, the debt under Bush has been rising an average of.43 trillion per year- more than double the rate under Clinton.
If Bush gets another 4 years in office, and the debt keeps rising at the same rate, it will expand by 3.4 trillion over the course of his 8 years, bringing the debt to about 9 trillion dollars.
You don't have to have a Nobel prize in economics to realize that Bush's reckless economic policies are driving this country further into the red.
¶ 1:07 PM
Now I understand why the "red states" are referred to as such...
The federal government has a handy website on which you can look up information about our national debt.
According to the goverment's own data, during the 8 year period of the Clinton presidency, the debt rose by 1.7 trillion dollars (from 4.1 to 5.7 trillion).
During the first 3 years alone of W's presidency (from January 2001 to and January 2004) the national debt rose by 1.3 trillion dollars (from 5.7 to 7 trillion)
During Clinton's years, the debt rose by an average of .2 trillion a year. So far, the debt under Bush has been rising an average of.43 trillion per year- more than double the rate under Clinton.
If Bush gets another 4 years in office, and the debt keeps rising at the same rate, it will expand by 3.4 trillion over the course of his 8 years, bringing the debt to about 9 trillion dollars.
You don't have to have a Nobel prize in economics to realize that Bush's reckless economic policies are driving this country further into the red.
¶ 1:07 PM
