4.3 trillion dollars in 2001 to 8.8 trillion dollars today.
http://www.treasurydirect.gov/govt/govt.htm
2007-06-11 06:51:06 · 15 answers · asked by psatm 3 in Politics & Government ➔ Politics
Has anyone picked up on the fact that this is a rhetorical question? As if I've never heard of 9/11, gimme a break.
2007-06-11 07:10:58 · update #1
This president and his Republican Congress decided to have tax cuts and a war. Either one would have enlarged the debt, but the double whammy of both resulted in this mess.
It took 225 Years to accumulate the 4.3 trillion, and we were chipping away at it instead of adding to it. It took Just 6 years to double it. So now its a triple whammy - Tax cuts still in place, war still going on, and now we have twice the debt service as before. It's a hole your great grandchildren will still be climbing out of.
2007-06-11 07:03:58 · answer #1 · answered by jehen 7 · 5⤊ 1⤋
Threereasons.
1. The war
2. The inability of Congress to say no to any new vote buying scheme.
3. The total irresponsiblity of the Federal Reserve Board. we are currently paying 5 time (500%) of the interest on the national debt. And they still feed us the lie that that tactic is to control inflation.
Republicans have not been very good at saying no but they are generally speaking a lot better than Democrats. A true fiscal conservative doesn't stand a chance in DC.
2007-06-11 06:59:43 · answer #2 · answered by Anonymous · 0⤊ 1⤋
How do ya suppose? Remember 2001 and 9/11? That particular incident ripped more than 1 trillion dollars out of our economy. Where did that debt go to?
2007-06-11 06:56:40 · answer #3 · answered by Anonymous · 1⤊ 2⤋
because of the fact George Bush Jr. desperate to donate billions of greenbacks to his enormous enterprise pals (as according to nicely-known for conservatives). And the democrats have been scared that not passing George Bush`s bailout of his freinds in the economic sector might carry approximately a different deppression. a minimum of President Obama had the sturdy sense to shape his area of the bailout as LOANS, that would desire to be repaid. regrettably all that funds that George Bush GAVE to important enterprise basically isn't recouped. additionally dont forget that Reagan tripled the deficit. How Reagan have been given human beings to purchase into his B.S nonetheless amazes me. It appeasr the sole little bit of sturdy performing reagan ever did replaced into in the time of his time in the White residing house.
2016-11-10 02:57:14 · answer #4 · answered by ? 4 · 0⤊ 0⤋
You mean all the rhetoric about a strong economy isn't true? What about the trillion dollars we've borrowed from the Chinese government to fight the war in Iraq? Don't forget the growing trade deficit with the Chinese, also. Bush said he was good for America.
2007-06-11 06:54:36 · answer #5 · answered by Jackson Leslie 5 · 3⤊ 4⤋
1. We are in War.
2. We buy Oil
3. Americans love Imports.
2007-06-11 06:55:43 · answer #6 · answered by Samm 6 · 2⤊ 1⤋
When you hear the idiots espouse how good privatization of the government is, just remember your stats above.
Privatization is why Iraq is costing $10 billion per month.
2007-06-11 06:59:48 · answer #7 · answered by Anonymous · 3⤊ 1⤋
An rhetorical question is not a question for Yahoo answers.
2007-06-11 07:15:14 · answer #8 · answered by Anonymous · 0⤊ 2⤋
Ii think its called war, plus........... these outrageous salary's we pay politicians, as well as their expenses. Ridiculous!!
2007-06-11 10:43:45 · answer #9 · answered by Job1000 4 · 0⤊ 1⤋
Republicans having control of both houses and the presidency. Fiscally conservative my a**.
2007-06-11 06:54:20 · answer #10 · answered by truthspeaker10 4 · 4⤊ 3⤋