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.
- Forums
- General
- gwb ... 4trillion dollar man
gwb ... 4trillion dollar man
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online