>>2 Bush's tax cuts where absolute fail. When you spend... You indirectly tax, so once again humans devours a short-term treat in favor of a happy, stable future. I quote from the brilliant c2ore.com... "The true national debt is $49 trillion, not the $8.3 trillion Bush reported.
That's $156,000 for every citizen, or $375,000 for every working American. This figure has more than doubled in the past five years.
We paid $327 billion last year on interest alone. The true 2005 deficit was $760 billion, not the $318.5 billion Bush reported.
This is 6.2% of the GDP, not 2.6%. What accounts for the huge discrepancy? Unlike businesses, the government uses "cash" instead of "accrual" accounting. This means that the government does not report future spending promises like Medicare and Social Security, or even future spending guarantees like veterans' benefits and federal employee pensions." Now, if somehow Tokyo is levelled in the inevitable earthquake (economy goes bazookas) and the global warming cycle starts to speed up due to a new factor (release of methane from eroding soil layers et al.) I'm moving to arctica lickety-split. I'm not blaming it on Bushitler (I blame christianists and neo-jacobins for turning the GOP into a soggy pile of gerbil shit) or whatever, nor am I expecting a cornucopia of competence from the dems but *seriously*, we are heading for baaaad times.