Metroblog

A one-time school project gone terribly, terribly wrong.

13 November 2007

Compelling Reason to Legalize Drugs #224

So that anything this idiot says makes sense.

"[The Democratic Party's] majority was elected on a pledge of fiscal responsibility, but so far it is acting like a teenager with a new credit card."

"This year alone, leaders in Congress are proposing to spend $22 billion more than my budget provides," the president said. "Some of them claim this is not really much of a difference and the scary part is that they seem to mean it."
--Via the Atlanta Journal-Constitution

Were I a teenager with a new credit card, I'd be insulted. But wait, as Ron Popeil used to say, there's more ...

But what Mr. Bush didn't mention, and what he almost never mentions, is the National Debt. With good reason.

On the day he took office, the National Debt stood at this unfathomable number:

$5,727.776.738,304.64

In fiscal shorthand, that's $5.7 trillion dollars. Trillion with a "T." Six and a half years later, the Bureau of Public Debt tells us the National Debt clocks in at a staggering:

$8,835,268,597,181.95

That's $8.8 trillion – an increase of $3.1 trillion dollars since January 20, 2001. And that amounts to a jump of 54% during Mr. Bush's watch.

If you wanted to pay it off, dividing it equally among the U.S. population (estimated by the U.S. Census Bureau to be 302,103,675), it would come to $29,245.82 for every man, woman and child.

So it's not really hard to understand why Mr. Bush almost never mentions it. The National Debt has gone up more on his watch than under any other president.

That means it took the Federal Government 225 years to accrue $5.5 trillion in debt under 42 U.S. presidents. But under President Bush alone, it has soared another 35.2%.

And the National Debt is not just a big number, it's an expensive one. This year alone, it costs taxpayers $247.3 billion in interest payments.

It hardly gives the president bragging rights about fiscal discipline.
--Via CBS

Truly "a waste of skin and rations", as I used to say in my old federal job. There is not one noble thing about him. Let him pass quickly through the bowels of history and into some appropriate oubliette.

4 Comments:

At 8:03 AM, Blogger Slave to the dogs said...

Ha. Pot, kettle, black. Bush has no room to criticize.

 
At 8:53 AM, Blogger Metro said...

I stand open-mouthed in wonder at his ineptitude, incompetence, and all the other attributes he posesses that begin with "in".

Personally, I'd like to see one beginning with "im". As in "peach".

 
At 8:26 AM, Anonymous G Eagle Esq said...

Bonjour le Maitre des Mots

The US (perhaps reminiscent of the old British especially in South Africa in 1898) are used to "projecting American Power" with relative impunity, except perhaps for the families of injured & late servicemen & (in these enLightened Times) women

However, this is expensive - the Generals' toys are well beyond my Credit Card limit

I wonder :

1. Who is actually financing the massive US Deficits

? Is it the Chinese Government ?

2. Have the US Government & its Citizens given any consideration to the implications of the US's massive deficits

3. What your (& Senor FFE's) views as to what those implications are

What happens if the US wants to "end" Iran's Nuclear programme or if the US wants to invade Formosa .... but the Chinese Government then yanks the chain which it has attached to US Government Funding

It will come as quite a Kultur-Schock for Americans to find an Outside Power controlling US actions

Yr obedient servant etc

G E

 
At 11:10 AM, Blogger Metro said...

@G EaGlE:

Did you visit the news story linked above called "If I had a trillion dollars"?

Just an exercise in wishful thinking. I wonder whether his voter base would have so willingly funded, for example, a worldwide campaign to fund mosquito nets?

Silly, silly Metro.

 

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