The Prof
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White House projects record deficit for 2009 - CNN.com
President Bush inherited a budget surplus of $128 billion when he took office in 2001 but has since posted a budget deficit every year. View a history of the government deficits and surpluses »
The Bush administration has spent heavily on the wars in Iraq and Afghanistan, and faces a large budget shortfall in tax revenue in part because of Bush's tax cuts and a souring economy.
A Democratic point man on the budget, Sen. Kent Conrad of North Dakota, blasted the administration for its "reckless fiscal policies," blaming the president's tax cuts for driving the government into deficit and saying Bush "will be remembered as the most fiscally irresponsible president in our nation's history." Watch Conrad call the federal debt Bush's legacy »
Conrad, who chairs the Senate's budget committee, accused the president of "squandering" the surplus he inherited from President Bill Clinton and said the increased debt the government has taken on to cover the deficit has undermined the value of the dollar and hurt the overall economy.
"If they gave out Olympic medals for fiscal irresponsibility, President Bush would take the gold, silver and bronze," Conrad said. "With his eight years in office, he will have had the five highest deficits ever recorded. And the highest of those deficits is now projected to come in 2009, as he leaves office."
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Read it Prof...it took eight years and Obama is going to repair this wound in four....
You guys are going to be toast for years to come.
obama never should have made such a stupid promise, then
makes him look like another person who simply doesn't know what he's talking about
same as ending detention, ending renditon, closing gitmo, reversing the patriot act, prosecuting cheney, cap and trade, pulling out of iraq, not taxing the middle class, not taxing benefits, pledging card check, ending don't ask don't tell, not hiring lobbyists and cheats, putting legislation online, being transparent, winning in afghanistan, paygo, ending earmarks...
he's responsible, he's president
he's NOW
everyone knows why bush lost
round and round
you're dizzy, dog
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