Quote:
Originally posted by Sixgun_Symphony
With the passage of the bill, Bush has guaranteed the economic future of America for our children for the next decade. |
Intesting thing this...
"...Guaranteed the economic future of America for our children..."
Isn't the US National debt now at a figure of something like
7 TRILLION DOLLARS !!
so lets see,.. where do the newspaper articles start...;
Quote:
Bush Quietly Raises Debt Limit
The bill he signed Tuesday raises the federal debt limit by nearly $1 trillion. It now stands at just under $7.5 trillion.
The U.S. Bureau of Public Debt says that as of May 23, the debt was exactly $6,460,375,443,807.49. Its figures are updated daily during the week....
Refer: The Boston Channel |
Quote:
White House shelved deficit report
Study commissioned by O’Neill sees $44 trillion in red ink
WASHINGTON, May 29 — The Bush administration has shelved a report commissioned by the Treasury that shows the U.S. currently faces a future of chronic federal budget deficits totaling at least $44 trillion in current U.S. dollars....
Refer: MSNBC |
Quote:
Tricks end soon to avert default on national debt
Tax shortfall feeds sea of red ink
WASHINGTON - President Bush and Congress are playing fiscal chicken over raising the $6.4 trillion limit on the national debt.
Although the debt ceiling was breached on Feb. 20, the United States has avoided default by tapping into money that was supposed to be invested for federal workers' pensions and using other tactics. But the game ends after Thursday when the Treasury Department runs out of financial tricks.
Those who say the federal government should default for the first time ever to make Washington live within its means miss the point: The debt is money that has already been spent. America's creditors wouldn't take kindly to the United States reneging any more than your creditors would forgive you if you quit paying the mortgage and credit card bills.
Plans call for raising the debt limit to $7.38 trillion, but Bush's budget expects the debt to grow to $9.4 trillion in four years, not even counting the cost of the Iraq war.
Refer: GoMemphis.com |
So consider:...
Q: How much is each American's share of the debt? A: Every man, woman and child has a $22,256 piece of the debt today, according to the National Debt Clock in Manhattan's Times Square.
The clock was unplugged when the United States expected to enjoy $5.6 trillion in surpluses over the decade on Sept. 11, 2000. But terrorist strikes a year later delayed an economic rebound and stepped up anti-terror and defense spending just as the $1.35 trillion, 2001 tax cut kicked in. With government back in deficit, the debt clock was restarted and ticks off the seconds as the
national debt increases $1.13 billion a day.
So in my belief, with the way the US National debt stands,- and withit increasing by 1.13 Billion per day,
I would have to say that
"Bush has guaranteed the economic future of America for our children"
to be trully fucked up - economically speaking of course.;
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The current US National Debt is: $ 6,584,403,261,128.87 current at time of posting - 10 June, 2003 1
42 PM GMT
Refer:
US National Debt clock