Harvard and Rhode Scholars under the US Treasure Department are now reporting the Bush admin. lied and the true national debt will shock many people. If so, the country is bankrupt so the Bush Adm. should be held accountable for wasting our wealth away and why? (See fms.gov) (See Rep. Jim Cooper -TN)
2006-09-07 09:52:00 · 9 answers · asked by Reba K 6 in Business & Finance ➔ Taxes ➔ United States
Could this be why Bush and Rumsfeld are convincing voters that we're "fighting Nazism and fascism" in their speeches now, so that if we have to ration foods and supplies, we'll feel better about it?
2006-09-07 10:10:18 · update #1
The link ifor $49 Trillion is indicated see "details" and it's to the US Treasury department statistics -- check it out and let me know what you thinks!
2006-09-07 16:29:12 · update #2
Australia was in a lot of debt too
but after 10 years and the meanest
government we have ever had we are now debt free.
all which is needed is a government that puts your country first and the next election second.
2006-09-07 15:00:15 · answer #1 · answered by Anonymous · 1⤊ 0⤋
First, only the Congress can authorize the spending of tax money or incur debt for the country, see the Constitution. So attempting to blame one person for the financial mess the country is in seems a little goofy. All spending bill have to originate in the House of Representatives, so if you're upset with the national debt - start with Congress. Oh, by the way, that the same people that "raided" the Social Security Trust Fund and spent the money.
2006-09-07 09:58:45 · answer #2 · answered by jack w 6 · 2⤊ 1⤋
The national debt of the United States is about 8.5 trillion. Refer to the National Debt Clock at the link below.
2006-09-07 10:00:37 · answer #3 · answered by Schroder 2 · 1⤊ 0⤋
Carl I - you're the one who needs to read a little. The surplus during the Clinton years referred to the income vs. spending in the last couple years he was in office, not the accumulated debt which existed during his entire two terms, was there long before him, and will be long after him. And also, refer to the answer that states, correctly, that it's congress, not the president, who spends money.
2006-09-07 19:26:38 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
The 8.3 trillion figure is bad enough especially considering Clinton left with the largest positive figures in ages.
But I doubt your 49 trillion figure - I want to see sources! Show a link to a credible site!
jesse - wrong!!! The debt was entirely developed during Bush's administration. Clinton left with the largest overage in my lifetime!
Jeez! jesse you need to read a little buddy!
2006-09-07 15:07:29 · answer #5 · answered by carl l 6 · 0⤊ 1⤋
wow seriously shut up. liberal bs like this is such crap. do you believe everything you hear? ok were in debt, but which country isnt? were not a business, we are a country. we dont need to make a profit. the thing is, the u.s. is so reliable that you can trust us to pay you back, and we do. harvard and rhode scholars. hmm, so just because they went to ivy league they are guarenteed to be right? harvard also allows and pays for that iraqi who was a part of the taliban. why do they pay for a foreigner and not for a citizen? harvard isnt as good as you think.
2006-09-07 09:58:17 · answer #6 · answered by Anonymous · 2⤊ 1⤋
Its not bush's fault, that debt has been around for a while, he just like every president keeps adding to it and the interest keeps adding up making it more everyday.
2006-09-07 10:00:43 · answer #7 · answered by jesse 2 · 1⤊ 1⤋
Do you think that regardless of it being $49 till or $8.3 trill that our government will ever ever pay it all back?
2006-09-07 09:57:46 · answer #8 · answered by kingstubborn 6 · 0⤊ 0⤋
Virtual people discussing virtual bucks--- oh my Godess
2006-09-07 09:59:58 · answer #9 · answered by Stephanf hypnocat 6 · 0⤊ 0⤋