Your children, and their children, and their children, and their children, and their children will hate you.
Not only is this hemorrhaging of red ink disgusting and stupid, it's immoral.
Shame on George W. Bush.
Shame of Nancy Pelosi.
Shame on Harry Reid.
And shame on the American voter who put these idiots into office, and didn't demand accountability from their public officials.
Enjoy the $5 a gallon gas. Enjoy the $5 gallons of milk. Enjoy the job losses. Enjoy the soaring health care costs. Enjoy the loss of your state and local services. Enjoy the decay in our infrastructure. Enjoy the destruction of the US dollar.
Get ready for some drastic changes folks. As Obama will find out soon, we're broke. We're $53 trillion in debt, and counting. We've lost our manufacturing base. We don't save. We over-consume based on debt. We act as the world's policeman. And these imbalances can't continue.
Administration official: 2008 deficit will approach $490 billion
WASHINGTON (AP) -- The next president will inherit a record budget deficit approaching $490 billion, a Bush administration official said Monday.
The official said the deficit was being driven to an all-time high by the sagging economy and the stimulus payments being made to 130 million households in an effort to keep the country from falling into a deep recession. A deficit approaching $490 billion would easily surpass the record deficit of $413 billion set in 2004.
The administration official spoke on condition of anonymity because the new estimate had not been formally released. Administration officials were scheduled to do that at a news conference later Monday.
The new figure actually underestimates the deficit, since it leaves out about $80 billion in war costs. In a break from tradition -- and in violation of new mandates from Congress -- the White House did not include its full estimate of war costs.
July 28, 2008
Gee, what a shock (not). Bush & Co blow a hole in the US deficit, with a record $570 billion in red ink (and counting) planned for 2009
Posted by blogger at 7/28/2008