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Can’t believe I haven’t posted this article yet:
It’s largely what you would expect, except it is actually a bit worse. One astounding fact struck me more than any other:
According to the Treasury Department, the forty-two presidents who held office between 1789 and 2000 borrowed a combined total of $1.01 trillion from foreign governments and financial institutions. But between 2001 and 2005 alone, the Bush White House borrowed $1.05 trillion, more than all of the previous presidencies combined
Everybody catch that?
He ran up 200 years’ worth of debt in 5 years!!
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