Hmmm ... Hmmm ... had a look back at CNN report of GWB's 2001 'balanced budget' promises ... mindful that Clinton's last four years were in budget SURPLUS and unemployment at a low 3.9%.
In the 8 year presidency (2008) GWB will have racked up $1.5trillion in budget deficits ... $1trillion for Iraq war and given away a further $1.5trillion in federal tax cuts to the wealthy. These numbers could get a lot worse with at least one analyst suggesting that budget deficits could reach $1.5trillion in GWB's current (2004-08) 4 year term.
The scary item currently is the $7trillion GWB wants to 'print' as a public loan to invest in the capital markets as a 'bail-out' for US Social Security ... these idiots are actually thinking of creating another massive financial bubble. This might be the "mother of all bail-out's" and yes sufficient to create another '29 type crash by 2010 or so.
