The FY2008 budget deficit was $455,000,000,000.00 (aka $455 billion).
The FY2009 budget deficit (through 12/31/2008) stands at $485,000,000,000.00 (aka $485 billion).
The FY2009 gross public debt increased (through 12/31/2008) an additional $675,000,000,000.00 (aka $675 billion).We are only three months into all of FY2009!
The CBO estimates the FY2009 budget deficit as $1,186,000,000,000.00 (aka $1.186 trillion).
The FY2009 budget year is Bush's last fiscal year, he submitted a budget for FY2009, and Congress approved budget authority through March 6th, 2009.
FY2009 will go on record as Bush's last fiscal year, just as FY2001 was Clinton's last fiscal year, just as FY1993 was Bush 41's last fiscal year, just as FY1989 was Reagan's last fiscal year..., ad infinitum, ad nauseam (almost that is).
Stay tuned for that 2nd $350,000,000,000.00 (aka $350 billion) tranche
to pass the Senate today.
On Bush's watch.
During Bush's last official
fiscal year, that last fiscal year being the entire fiscal year of 2009 (aka FY2009).
The gross public debt increased by $1,017,000,000,000.00 (aka $1.017 trillion) in FY2008.
So Bush gave us our first trillion
dollar budget deficit, and our 1st and 2nd trillion increases in the gross public debt.
I hereby declare the current business cycle downturn ...The Bush Depression!
Does anyone else wonder why the Republicans lost seats in both houses of Congress for the 2nd time in a row?
Or why the Republicans lost the 2008 presidential election?
By more than 9,500,000 (aka 9.5 million) votes?