x
schencka
The Bush Deficit: $500+ billion
NYT:

WASHINGTON — The White House predicted on Monday that the Bush administration would bequeath a record deficit of $482 billion to the next president — a sobering turnabout in the nation’s fiscal condition from 2001 when President Bush took office and inherited three consecutive years of budget surpluses.

By most accounts, the worst seems yet to come. The deficit announced by Jim Nussle, the White House budget director, does not reflect the full cost of military operations in Iraq and Afghanistan, the potential $50 billion cost of another economic stimulus package or the prospect of steeper losses in tax revenue or further declines in the housing market.
Another item for the "worst president ever" file. People should just tell their creditors, "Sorry, my current debt does not reflect the full cost of future expenditures.

No profanes - sacred
 
Calendar

March 2017
1234
567891011
12131415161718
19202122232425
262728293031

January 2017
1234567
891011121314
15161718192021
22232425262728
293031

December 2016
123
45678910
11121314151617
18192021222324
25262728293031


Older

Recent Visitors

March 25th
commntyblackman
google

March 24th
google

March 23rd
google

March 22nd
google

March 21st
almost23
google

March 20th
google

March 19th
google

March 18th
google

March 17th
google

March 16th
bandgeek24
google
Spread Firefox