Sunday, November 21, 2004

Bush supporters: This is who you put in charge...

Read the full story from cnn.com and the washingtonpost.com
On his way to economic meetings in Chile, Bush signed legislation on Friday raising the government's debt limit by $800 billion.
The bill would bring the total borrowing increases Bush has needed in his four years in the White House to $2.23 trillion, more than all the debt the country accumulated from its founding through 1986 and nearly 2 1/2 times the entire federal debt accumulated between 1776 and 1980.
With the government facing imminent default because it has depleted its authority to borrow money, the debt limit bill will pump up the federal borrowing cap to $8.18 trillion. That is 70 percent the size of the entire U.S. economy.

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