Bushonomics 0
Bonddad on the National Debt (follow the link to see the full analysis):
Over the last 8 years we have not made any choices. Instead we have funded, well, everything that has come down the pike. In addition, we cut taxes, further exacerbating the problem of deficit financing. As a result, we have issued mammoth amounts of public and intra-government debt. Here’s a reading of the last 8 years from the Bureau of Public Debt:
09/30/2008 $10,024,724,896,912.49
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
09/30/2000 $5,674,178,209,886.86The current total is $10,566,146,196,490.58.
My words, not Bonddad’s: Republican Economic Theory is beggaring the nation.
And anyone who understands arithmetic saw it coming.