Prez Bush has borrowed more money, than the previous 42 prez's

[Glenda]

On Lou Dobbs...

Fiscal conservative?

[texpatriot2004]

1. Dupe. Here's the previous DU thread on this topic

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x2230127

[Glenda]

5. Thanks for posting the link

:hi:

[Ilsa]

2. I just heard that!

What is the name of that org? Blue dot something?

[G_j]

3. story:

http://www.cnsnews.com/news/viewstory.asp?Page=%5CNation%5Carchive%5C200511%5CNAT20051104b.html





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.

"The seriousness of this rapid and increasing financial vulnerability of our country can hardly be overstated," said Rep. John Tanner (D-Tenn.), a leader of the Blue Dog Coalition and member of the House Ways and Means Committee.


..more..

[Glenda]

4. Thanks, the news went by so fast that I missed the context...

:hi:

[JJackFlash]

6. You left out the very important word

"combined"