Bush On...

The National Debts Flys Past 8 Trillion Dollars

Brillig.com- Daily Update- That is about $30,000 for every man, woman and child in the US. The US has been borrowing an extra $1.78 Billion Per Day since January 2005!

 

Laurence Lindsey, Bush Economic Advisor, Says Iraq War to Cost $200 Billion - Bush Fires Him

NPR.org - 2/26/2003 - Administration Officials predict the cost of the Iraq War to be $50 Billion. When Lindsey speaks against this, he is fired immediately.

 

Bush Oversees the Greatest Reversal of Budget Surplus to Budget Deficit in History

Bloomberg - 12/21/2005- Clinton left office with a $127 Billion Surplus. Bush ran a deficit of $319 Billion in 2005. Since taking office, Bush got $1.85 Trillion in Tax Cuts and raised government spending 23% in his first 4 years to $2.29 Trillion. Conservative?

 

How Many "Footballs" of $100,000 Lost in the "Wild West" of Iraq

CBS - 2/12/2006- CBS investigates widespread corruption in Iraq contracting. Billions of Dollars are unaccounted for. Bricks of $100,000 thrown around like "Footballs." No oversight.

 

The Dynamics of Our Debt

ForeignAffairs.org - 12/2005- An analysis of what are debt means by a conservative publication. The current US account deficit is now comparable to Thailand and Mexico before their financial crises.

 

 

 

 

 

 

Nobel Prize, Harvard Economist Estimates Iraq War to Cost up to $2 Trillion Overall

Guardian.co.uk - 1/27/2006- The real cost of the Iraq War will be between 1 and 2 trillion dollars. That includes cost of war, healthcare to vets, and damage to economy.

 

Current Real Spending on Iraq War Nears $300 Billion

NationalPriorities.org -Daily Update- This non profit group has calculated the closest real time cost of the Iraq War as possible.

So far, that would pay for four years of College (approx 100k) for 3 Million Students

 

Inspector General : US Loses Track of $9 Billion in Iraq

CNN - 1/31/2005- The Inspector General found that this US is unable to account for $9 Billion, due to , "Severe inefficiencies and poor management."

 

Foriegn Central Banks Own 64% of US Federal Debt

Wikipedia - no date - Interesting Facts about US National Debt. 47% of Personal Income Tax goes to pay for Interest on on Debt.

 

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