Bush is running up 1.3 trillion dollars a year in debt

[Elwood P Dowd]

Everybody seems to conveniently forget the current account deficit. It's moving to the 800 billion dollar a year range. The budget deficit, when you add the off-budget items, will be close to 500 billion in 2006. When Bush leaves office, if these deficits keep trending upward, will have left us with over 7 trillion dollars in new debts.

Bush inherited a 300 billion dollar current account deficit and a 200 billion dollar budget surplus. Keep in mind that I'm just rounding all this stuff off. The exact figures are lost somewhere on my other computer.

Bush has wrecked more financial havoc on this country than the previous 42 presidents combined. Bush has borrowed more money from foreign countries than the previous 42 presidents combined. This alone should have our Democratic leaders in an uproar, but what do they say? Nothing.

[izzie]

1. Well he only has 3 more years and I am sure his friends will help us.

They have brought in Baker and when things turn to sh-- he is always dug up and brought in. Once more a Bush will be saved by James Baker.

[A Simple Game]

2. Almost a trillion dollars a year!

No wonder some people say the economy is good!

Wish some of the money being borrowed in my name was falling in my direction.

[APPLE314]

3. LOOK ON THE BRIGHT SIDE

THE MONEY SUPPLY (M1+M2) IS ONLY $1.4 TRILLION. FORTUNATELY THERE IS ENOUGH CURRENCY TO PAY OFF THIS YEAR'S DEBT. FORGET ABOUT LAST YEAR'S DEBT OR NEXT YEAR'S DEBT, ETC. .....................


THE ONE'S THAT HAVE TO WORRY ARE THE ONES IN THE STOCK MARKET. TOTAL MARKET CAP ON THE TOP 6200 STOCKS IS ABOUT $39 TRILLION. THERE ISN'T ENOUGH MONEY IN CIRCULATION TO BUY ALL THE STOCKS. MAYBE SOME OF THEM ARE OVERPRICED.