Another Bush Failure
- Started
- Last post
- 45 Responses
- ********
07/28/08 : Bush administration official: 2008 will set record
WASHINGTON - A senior Bush administration official says the budget deficit for this year will set a record in dollar terms, approaching $490 billion.
The official said Monday the deficit was being driven to record levels 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 current record deficit of $413 billion set in 2004.
The official spoke on condition of anonymity because the new deficit estimate had not been formally released. Bush administration officials were scheduled to do that at a news conference later Monday.
- Mojo0
- bulletfactory0
wow - bush bested himself.
- MashPotatoesJohnson0
Wasn't the deficit around 1 trillion when Clinton was in office??
Bush gave me a check for 600 bucks. I love him.
- Don't you mean surplus?jasontroj
- Um no.TheBlueOne
- I know.
National Debt was 5.8 Trillion, deficit never reached this high though.jasontroj - Try a $230 Billion SURPLUS when he left douche.NONEIS
- Um, I think you do...
http://news.bbc.co.u…
albo - $236 Billion surplus to be exact (see chart below)TheBlueOne
- Clinton let us a $300 billion surplus********
- and you have the $600 to someone elseBattleAxe
- Im still waiting on that check :(********
- NONEIS0
I love how he blames his own "stimulus" plan for driving the "record levels" of our recession.
- TheBlueOne0
- Bush is pathetic********
- 1983.
look at it.******** - 1998-2001
LOOK AT IT
CLINTON********
- Bush is pathetic
- ********0
give the guy a break,
he's a very dedicated and hard worker in his area of job.can't blame the guy because he only did what he was told to do,
if you truly believe, G.W.B is capable of ruining a country all by himself, you're mistaken
- ********0
US current debt is : – $ 9,538,289,588,478*
$32.0000 per US citizens,
its impossible for a country to come out of this,leave the poor shap alone
http://www.brillig.com/debt_cloc…- It was worse under Reagan. It got better.TheBlueOne
- the national debt and the budget deficit are 2 entirely different things btw.johndiggity
- ********0
"The official spoke on condition of anonymity because the new deficit estimate had not been formally released."
credibility -1
and why don't you sheep try looking at the deficit as % of GDP on that chart instead of a nominal figure?
1.9% in '06, hardly apocolyptic...
- Translation: When the official figures do come out, months later, they will be, in fact, worse.TheBlueOne
- worse than what? the 1980's?********
- No worse than initially reported. Typical Bush administration tactic.TheBlueOne
- Thanks Hedge********
- the numbers are abysmal bryce, aren't they?mrdobolina
- Not relative to the past, no.********
- You mean not relative to the last time a Republican ran things?formed
- ********0
HEDGE = BRYCE
- ********0
i'm some troll because i disagree with you?
talk about faulty tactics, huh TBO.
- This is between you guys. Keep me out of it.TheBlueOne
- No, because you have no real identity on QBN. And you can not disagree with facts!********
- TheBlueOne0
Interesting Chart:
"This shows the GDP relative deficit over the past 50 years, which eliminates the WWII and recovery outliers. This is the same period used in the remaining charts. "
