Wednesday, November 09, 2005

Bush Borrowed More Than All Previous Presidents Combined


(CNSNews.com) - President Bush and the current administration have borrowed more money from foreign governments and banks than the previous 42 presidents combined, according to the Blue Dog Coalition, a group of conservative to moderate Democrats.

The Treasury Department reports that 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.


(I doubt the data was indexed for inflation, but still a nice sound bite, and let's not forget the role of Congress in the equation)

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