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Headlines a LOT of money.

void

Banned - What an Asshat!
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this is amazing.. put in this context it makes a lot more impact just how much money is flying around as national debt.. sure everyone borrowed less in the past, but really.. :eek:

Bush Borrowed More Than All Previous Presidents Combined, Group Says
By Melanie Hunter
CNSNews.com Senior Editor
November 04, 2005

(CNSNews.com) - President Bush and the current administration have borrowed more money from foreign governments and banks than the previous 42 presidents combined, a group of conservative to moderate Democrats said Friday.

Blue Dog Coalition, which describes itself as a group "focused on fiscal responsibility," called the administration's borrowing practices "astounding."

According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion.


http://www.cnsnews.com/ViewNation.asp?Page=\Nation\archive\200511/NAT20051104b.html



 

JLXC

WTF's Official Conspiracy Fanatic
Premium
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Bush is much of America in a nutshell. Greedy and uncaring of the future, except when it comes to their pocketbook. It's not like he's hurting or will have to pay it back, so hell yeah, it's dad's credit card and I'm on a weekend bender! Woot!
 
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RedOctober

Guest
#4
WOW...

Americans are beginning to understand what Europeans (like me) already told them years ago! :p

When do the Stock Markets crumble under the weight of the American National Debt?
A matter of days or hours?
 

ChilianFuckFace

Banned - What an Asshat!
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This is just incredible. The sad thing is that we, the young ones will have to pay all this money back, and our kids and our kids kids. He doesn't give a flying fuck. He has enough money, and could care less about the working families that will have taxes increased to pay this humongous debt.
 

voiceofreason

Seeker of Truth
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Bush has got to be working for Al Qaeda, because he is doing his damdest to bring us to our knees, financially and otherwise...and its working!:flamed:
 
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RedOctober

Guest
#7
voiceofreason said:
Bush has got to be working for Al Qaeda, because he is doing his damdest to bring us to our knees, financially and otherwise...and its working!:flamed:
Well.. He has an all time world record.

At least, if he manages to get the USA on its knees before his second term is over. It took Hitler a lot of years to reach the same goal with Germany.
1945-1933=12 years!

Bush in 8 years! And the USA was a superpower!



Dutch Cartoonist Marijn on november 10, 2005
 
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And for most of the presidents, a buck was worth a lot more.

Think about that!
 

void

Banned - What an Asshat!
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largest borrowing.. plus today they announce the largest deficit.

The US trade deficit with the rest of the world jumped to a record $66.1bn (£37.8bn) in September, as oil prices soared following Hurricane Katrina.

Overall imports to the US rose by 2.4% during the month to $171.3bn, while exports fell by 2.6% to $105.2bn, the US Commerce Department said.
The soaring US deficit came as China reported a record $12bn global trade surplus of its own in October.
The news will exacerbate trade tensions between the US and China. The higher than expected Chinese surplus was largely fuelled by Western retailers stocking up on products ahead of Christmas.

http://news.bbc.co.uk/1/hi/business/4425446.stm
 
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RedOctober said:
Well.. He has an all time world record.

At least, if he manages to get the USA on its knees before his second term is over. It took Hitler a lot of years to reach the same goal with Germany.
1945-1933=12 years!

Bush in 8 years! And the USA was a superpower!
after WWI, germany was completely destroyed in all aspects, and hitler built Germany into a world power, before he violated the non-aggression pact with USSR. thats why he lost the war.
 

Piro

From appaled to applauding, controversy.
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CHAIRMAN YIN said:
you know, the US Dollar now is worth less than before, due to inflation.
Inflation isn't a natural side effect of a healthy, growing economy anyways. Monetary inflation, which saps the buying power of your dollars, is intentionally caused by the expansion of the money supply which is, in turn, controlled by the Federal Reserve. The net effect is a hidden tax on Americans' income and savings (a tax most people never notice). In an honest economy (Which is unheard of), the money supply would remain constant, and the annual inflation rate would be zero. Inflation is not natural, it's a manipulation that acts as hidden taxation.