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24 Sep 2008 10:35 am
The Bush Disaster
Gregg Easterbrook gets it:
The White House just asked the national debt ceiling be raised another
$700 billion, for the proposed financial-sector bailout. If that
happens, in 2008 alone, $1.5 trillion will have been added to the
national debt: every penny borrowed from your children and their
children. Stated in today's dollars, in 1979 the entire
national debt was $1.5 trillion. George W. Bush and Congress have in a
single year added an amount equal to the entire national debt one
generation ago. And the year's not over!
And this - yes, this - is now regarded as conservatism!
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