Originally Posted by jamac Georges Legacy in numbers
SDW2001 please defend this for me. Tell me how wonderful this is. Please.
The national debt (so far) under the Certified Worst President Ever (CWPE), aka George W. Bush, for fiscal years 2002 (10/1/2001) through 2009 (9/30/2009) per OMB definition.
Elapsed time so far 7.023 years, in other words we haven't seen the last full year of the CWPE financial fiasco.
Average annual increase of the national debt under the CWPE $632 billion/year
In the last year alone the national debt has increased by $1,191 trillion, with half that total occurring in the last 21 days alone.
Investors must be dumping their stocks and buying up T-Bills or something.
CBO estimated the national debt (in early September of this year) at the end of fiscal year 2009 (09/30/2009) as $10.277 trillion, similarly the OMB estimated the national debt (in late July of this year) at the end of fiscal year 2009 as $10.413 trillion.
So we are almost at a national debt that wasn't expected to occur until almost a year from now.
By the time the CWPE, et. al. are done with their disastrous fiscal policies they could leave the national debt at twice the value they started with.
Of course, this isn't as bad percentage wise as the Reagan-Bush years, where the national debt increased by a factor of 4.37
One can only come to the conclusion that the Republican administrations are fully intent on driving the government into the ground faster than McCain can fly a jet into the ground.