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US Budget Deficit and the Bush Administration

More than two centuries of American government produced a cumulative national debt of $5.7 trillion when GW Bush was elected in 2000.  Our national debt is expected to almost double, to $10.8 trillion, by 2010.

The comptroller general of the United States, David Walker, warns that 2004 may have been the single most fiscally irresponsible year in the HISTORY of our Republic.

Three quarters of our debt is being purchased by foreigners, with China leading the pack. Serious, non-partisan economists claim that in all likelihood the United States will experience an extreme financial crisis in the next five years. Our national debt, and continuing deficit spending by our elected officials, may very well bankrupt our country.

Republicans are quick to accuse Democrats of "taxing and spending".  We need to remind them that lowering taxes during time of war is unpatriotic, spending money that we don't have is a sin and wasting time debating whether or not American citizens have the right to their own bodies or whether they should be allowed to love whomever they please while our country goes down the toilet is a crime.
Posted on Thursday, June 29, 2006 at 05:09PM by Registered CommenterJ.Porter | CommentsPost a Comment

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