Bush Opens Our Wallets

Heard an interesting and scary bit of information on CNN last night, about our borrowing as a nation and the national debt.

While we all know that the spending being done by this president and his administration, including the knuckled under Republican majority that existed in Congress before the ’06 elections, we really (at least I haven’t) didn’t know the total effect of the out-of-whack budget and supplemental spending done by our government.

Here it is: U.S. borrowing from other governments and others around the world during all the previous administrations, from George Washington thru Bill Clinton, totaled 1.2 trillion dollars. That’s a lot of money. But they are cheapskates. The first six years of George Bush’s leadership(?) has seen international borrowing by the United States totaling 1.5 trillion dollars. That’s an awful lot of money and more than all the other presidents combined.

Mr. Bush recently said that he does not want to return to the days of “tax and spend.” But evidently he believes in spend now and tax later. We should apologize now to our grandchildren and their grandchildren for allowing such a burden to happen..