Pointing out the obvious...
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By Brendan Murray
Dec. 15 (Bloomberg)-"With Bush in the White House and Republicans controlling both houses of Congress, total government spending reached a 12- year high of 20.8 percent of gross domestic product in 2006, up from 18.4 percent in 2000."
"From a surplus of $127 billion when Bush took over, the federal budget swung to a deficit that reached a record $413 billion in 2004. The deficit, currently $248 billion, is projected to begin rising again in 2009, according to the non- partisan Congressional Budget Office."
The Iraq Study Group, in the report it released Dec. 6, estimated the cost of the war in Iraq and postwar reconstruction will soar to $2 trillion, about 20 times the Bush administration estimate ahead of the March 2003 invasion.
Dec. 15 (Bloomberg)-"With Bush in the White House and Republicans controlling both houses of Congress, total government spending reached a 12- year high of 20.8 percent of gross domestic product in 2006, up from 18.4 percent in 2000."
"From a surplus of $127 billion when Bush took over, the federal budget swung to a deficit that reached a record $413 billion in 2004. The deficit, currently $248 billion, is projected to begin rising again in 2009, according to the non- partisan Congressional Budget Office."
The Iraq Study Group, in the report it released Dec. 6, estimated the cost of the war in Iraq and postwar reconstruction will soar to $2 trillion, about 20 times the Bush administration estimate ahead of the March 2003 invasion.
