Fiscal irresponsibility completely out of control.

April 27, 2006 at 1:33 pm | In Libertarian Rants |

I've written a few times on how badly we're spending money these days, but this article from Rolling Stone should bring the point home:

According to the Treasury Department, the forty-two presidents who held office between 1789 and 2000 borrowed a combined total of $1.01 trillion from foreign governments and financial institutions. But between 2001 and 2005 alone, the Bush White House borrowed $1.05 trillion, more than all of the previous presidencies combined.

How have we let things get this far out of control? It's unbelievable: more money borrowed in five years than in all the two-hundred and eleven years previous… and Bush still has until January 20, 2009 to bring that number even higher.

This is money that you and I will be held accountable for one way or another


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