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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.
And this was in 2005.
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Lucky Day:
As President Bush took a question Thursday in the White House Rose Garden about scandals involving his Attorney General, he remarked, "I've got confidence in Al Gonzales doin' the job."
Simultaneously, a sparrow flew overhead and left a splash on the President's sleeve, which Bush tried several times to wipe off.
Deputy White House Press Secretary Dana Perino promptly put the incident through the proper spin cycle, telling ABC News, "It was his lucky day…everyone knows that's a sign of good luck."
He is so right- the last time an animal took a shit on me I ran out and bought some lotto.
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"$1.2 trillion would pay for an unprecedented public health campaign — a doubling of cancer research funding, treatment for every American whose diabetes or heart disease is now going unmanaged and a global immunization campaign to save millions of children’s lives.
Combined, the cost of running those programs for a decade wouldn’t use up even half our money pot. So we could then turn to poverty and education, starting with universal preschool for every 3- and 4-year-old child across the country. The city of New Orleans could also receive a huge increase in reconstruction funds.
The final big chunk of the money could go to national security. The recommendations of the 9/11 Commission that have not been put in place — better baggage and cargo screening, stronger measures against nuclear proliferation — could be enacted. Financing for the war in Afghanistan could be increased to beat back the Taliban’s recent gains, and a peacekeeping force could put a stop to the genocide in Darfur.
Another way of spending that money? The War in Iraq.
- DAVID LEONHARDT, NY TIMES