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George W. Bush: The Ten Trilliion Dollar Man

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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-11-08 10:46 AM
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George W. Bush: The Ten Trilliion Dollar Man
Edited on Thu Dec-11-08 10:47 AM by swag
From Calculated Risk

Four years ago I predicted the Total Public Debt Outstanding would reach $10 trillion by the time Mr. Bush left office in Jan 2009. I jokingly called him the "$10 trillion man".

I was too optimistic.

The Total Public Debt Outstanding is now over $10.6 trillion. And the budget deficit has grown significantly.

From MarketWatch: U.S. Nov. budget deficit $164.4 bln vs $98.2 bln yr-ago

The U.S. federal government deficit soared again in November to $164.4 billion, the Treasury Department reported Wednesday. This is a record shortfall for the month of November.


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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-11-08 10:49 AM
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1. Tragic... Do you know what the debt was when his dad left office?
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-11-08 10:51 AM
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2. Insuring his place in history
as the worst president ever. That's the job now.

Think of the truly great athletes who held their records unbroken for years or even decades. Bush is the negative of that.
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