Saturday :: Nov 5, 2005

The Piper Is Coming For His Pay

by pessimist

I'm trying to get going this morning now that Old Man Winter has made his appearance here in SoCal. Sure, we don't get it as bad as, say, Minnesota, but it still affects one adversely.

I'll start with this softball and see how far you all can hit it:

Bush Breaks Another Record

President George W. Bush and the current Administration have now borrowed more money from foreign governments and banks than the previous 42 U.S. presidents combined.

Throughout the first 224 years (1776-2000) of our nation's history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions according to the U.S. Treasury Department.

In the past four years alone (2001-2005), the Bush Administration has borrowed a staggering $1.05 trillion.

More here and here.

I always thought conservatives were against borrowing, promoting 'pay as you go' as being responsible. I guess that as long as one changes the specific meaning for the word, one could still make a case for King George being fiscally responsible - for bankrupting the nation!

Swing away!

pessimist :: 5:37 AM :: Comments (8) :: TrackBack (0) :: Digg It!