Republican legacy: Passing our debt to future generations

MikeNY

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Thu Mar-16-06 04:26 PM
Original message

Republican legacy: Passing our debt to future generations

"It's hard to understand what a trillion is. I don't know what it is," confessed Senate Budget Committee Chairman Judd Gregg, a New Hampshire Republican, this week when debating the government's staggering fiscal obligations.

http://money.cnn.com/2006/03/16/news/economy/trillions.reut/index.htm

...

"If you spent a million dollars a day for a million days (2,739 years)," you'd hit $1 trillion, Nolan observed.

...
Senate permits national debt to grow to $9 trillion

The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.

The bill passed by a 52-48 vote. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States.

http://www.cnn.com/2006/POLITICS/03/16/congress.debt.ap/index.html

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shoelace414

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Thu Mar-16-06 04:36 PM
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1. Bush has passd NO TAX CUTS

They have all been MASSIVE TAX SHIFTS

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Lefty48197

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Thu Mar-16-06 04:45 PM
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2. Huge debt. Inability to fund needy programs. Disrespect around the world.

Nation crippled by an economy that gives away our jobs to China, and our money to those in this country that are already wealthy. That's some legacy the right wing Republicans are leaving to the next couple of generations of Americans.

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RUMMYisFROSTED

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Thu Mar-16-06 04:51 PM
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3. That 30k is before interest.

I've seen the actual total posted as closer to 100k.

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