I’ve been having a few economic discussions lately with various people in various places.
Everyone seems to be gung-ho against any sort of stimulus package that isn’t perfect. Sorry, folks, this is why we have a “democracy” so we can make decisions even when a bunch of folks on TV and Radio whine about helping toddlers.
I mean…improving toddler care…what a waste, let’s buy bombs instead!
The simple fact of our economy is this…mentioned here previously…
Well, it looks like that move to leveler playing field happened a lot quicker than even I expected. And the War in Iraq seems to be gone from the economic discussion. Does not one realize that is why Bush, et. al. had to let the shennanigans on Wall Street continue so long? Without the myth of great wealth, we couldn’t fund his War. And that’s where the other 3 trillion went.
Does no one remember that Bush took the deficit from this…
Instead, the president explained, the $5.7 trillion national debt has been reduced by $360 billion in the last three years — $223 billion this year alone.
This represents, Clinton said, “the largest one-year debt reduction in the history of the United States.”
Are you surprised? Times Square’s National Debt Clock, which has been tallying up money owed by the U.S. government since 1989, is running out of spaces.
In September 2008, the digital dollar sign was eliminated to make way for an extra digit—the “1” in $10 trillion (the national debt is currently $10.2 trillion). Now, a new clock is in the works that will make room for a quadrillion dollars of debt, according to the Associated Press. Anticipated completion is early 2009.
A little history on the clock: It was created in 1989 by Manhattan real estate developer Seymour Durst to inform the public about the nation’s snowballing national debt (back then, it was $2.7 trillion). Seymour died in 1995, and the clock is now owned by his son, Douglas Durst.
Bush ran up a $4,500,000,000,000 tab.
Lest we forget…