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Bush has increased the national debt $895.7 billion By: Ed Henry 06/04/03 (Eatherzone) On May 14, 2003, Ether Zone published an article of mine titled "Debt Limit, what it means to you" where I reminded you, for what was probably the seventh time, that the federal government hit the national debt limit on February 20, 2003, and had not been able to borrow since that time. In that article, I also said that; "Once credit is re-established, the national debt will leap by at least $100 billion in practically no time as Bush makes up for lost time." On Friday, May 23rd, too embarrassed to raise the limit exactly one trillion, and 92 days after hitting the ceiling, Congress voted to raise it $984 billion and then went on vacation for Memorial Day plus a week. The first working day after the long weekend, Tuesday, May 27th, the Treasury came back to work and raised the national debt $82 billion. By Friday, May 30th, the last working day of the month, the national debt had increased $97.8 billion. You can be absolutely certain that we will go over the $100 billion mark sometime next week. You've got to admit that a rise of nearly $100 billion in just 4 working days is certainly a "leap by at least $100 billion in practically no time." It's got to be a new record. And while George Bush accuses Congress of excessive spending, remember that this record borrowing just occurred while Congress was on vacation. Obviously, the administration did this on its own. Get your calculators out, because I'm including the Treasury's Bureau of Public Debt "The Debt to the Penny and Who Holds It" web page for the last day of May. This download gives you every previous day of the month and shows the debt standing or holding at $6.46 trillion every day until the limit vote. To see the increase before last Friday, all you have to do is subtract any day prior to the vote from the last day of the month. You can also check the archives back to February 20th if you want. Or you can go to another article published on Ether Zone titled "Mayday, Mayday, Mayday" in which I gave you several downloaded pages from the Treasury's "Daily Treasury Statement" proving that the credit card expired on February 20th and no one did or said anything about it. So far this fiscal year, the Bush administration has
increased the national debt $329.9 billion: We still have four months to go in the fiscal year. You can count on the national debt increasing at least $500 billion this year, one half trillion. And that will be another record. What's more, it means that Bush has already increased the national debt $895.7 billion since taking office in January, 2001, and is well on the way to increasing it more than one trillion by the end of his third year, with another year to go. Let me remind you that the bulk of the debt increase from entitlements (what the government deceptively labels "Intragovernmental Holdings") is coming from Social Security surpluses stolen by the Beltway Bandits under the Pay-It-Again Sam scam. You are being robbed of your retirement money in a way that makes Enron and WorldCom look like children at play. The democrats are just as guilty of this theft as are the
republicans. And the so-called "free press" turns its back on
it all.
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