When the next president takes office in 2009, he will inherit an enormous national debt. For fiscal 2009 the national debt will be $482 billion. The most ever!! That does not include the cost for the war in Iraq, which will cost an additional $80 billion.
According to CNN Money: Welcome, Mr. President: Here’s the tab
Congress just passed - and President Bush is expected to sign - a housing bill that increases the country’s statutory debt limit to $10.6 trillion from $9.8 trillion. Lawmakers increased the debt limit because they’ve already made spending commitments - including additional spending on Iraq - that threatens to pierce the current $9.8 trillion ceiling.
The Concord Coalition, said the country paid $200 billion in debt interest last year alone.
Where is fiscal responsibility? Why did Congress approve so much spending when early on they knew America could not afford it? Now the American people are paying higher prices for gas, food, clothing, and the list goes on. What is next when it comes to paying off this debt?
How can any person who becomes president have a positive impact when that piece of sh*t Bush and his cronies have robbed the country blind and left us in the poor house.
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