Wednesday, March 12, 2008

The Bush Legacy Debt: $7.7 Trillion.


Thinkprogress:
Lawmakers took to the Senate floor and blasted President Bush’s wasteful spending. To fully illustrate the impact, Sen. Sheldon Whitehouse (D-RI), brought up a chart showing the budget plans of President Clinton versus the budget formulated by Bush. He concluded that by squandering Clinton’s government surplus, Bush has cost the country $7.7 trillion:
This next chart illustrates the value of the differences between the budget landscape planned by President Clinton and the one created by President Bush. As you can see, the difference between the two is a staggering $7.7 trillion. This number represents the fiscal harm that President Bush has inflected on our nation. This number is the Bush debt. […]
Like most concepts of enormous size, this amount takes some thought to comprehend. $7.7 trillion is $25,000 owed by every adult or child in the United States.

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