Dec 4, 2007

National Debt Grows $1 Million a Minute; Bush Will Have Doubled Debt in 8 Years

Nothing conservative, just neoconservative, about this administration which this report shows will have DOUBLED THE NATIONAL DEBT since taking office (taking, literally) in 2001. Unjust wars is the leading culprit on this dramatic increase of spending, approaching $1 trillion, on the backs of Americans. And only one 2008 candidate of either party is pointing this out and vowing to reduce and limit the size of government, while all the rest vow to carry out the status quo of unjust wars and the growing welfare state started by democratic president Roosevelt known as Social Security.

National Debt Grows $1 Million a Minute

WASHINGTON - Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day -- or nearly $1 million a minute.
It means almost $30,000 in debt for each man, woman, child and infant in the United States.
Even if you've escaped the recent housing and credit crunches and are coping with rising fuel prices, you may still be headed for economic misery, along with the rest of the country. That's because the government is fast straining resources needed to meet interest payments on the national debt, which stands at a mind-numbing $9.13 trillion.
The national debt -- the total accumulation of annual budget deficits -- is up from $5.7 trillion when President Bush took office in January 2001 and it will top $10 trillion sometime right before or right after he leaves in January 2009.
the wars in Iraq and Afghanistan, which the nonpartisan Congressional Budget Office estimates could cost $2.4 trillion