Saturday, March 11, 2006

How Republicans Keep Taxes Low...Borrow, borrow, borrow...

posted by John Blanco @ 11:31 PM


Enter George W. Bush. In the four and a half years of the Bush Presidency, he and the Republican Congress have added $2.463 trillion to the debt, bringing it to almost $8,270,900,000, 000, an increase of 40% in less than five years. The current debt ceiling is $8.184 trillion. There is talk of raising it to $9.65 trillion, even though President Bush promised to halve the budget deficit (the yearly contribution to the cumulative debt) by one half by the time he leaves office. And the culprit?



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