onservative assumptions, we calculate that the bill for Bush-era excess—the total new debt combined with the total new accrued obligations— amounts to $10.35 trillion. This legacy will have long-term consequences for America’s prosperity, but it also will weigh heavily and immediately on the Obama Administration, which will need to spend money fast to get the economy moving agai
[Linda J. Bilmes, a lecturer in public finance at Harvard University’s Kennedy School, is a former assistant secretary for administration, management, and budget in the U.S. Department of Commerce
Nonetheless, the outgoing administration has made a series of unwise economic choices that together will add up to a burdensome legacy.
When George W. Bush took office, he inherited a budget surplus of $128 billion and a bright fiscal future.
Tuesday, January 27, 2009
Paying the price for eight years of Bush
Less than 7% of those polled consider his presidency a success. One of, if not the worst president in history!
Posted by Sodsy at 2:00 PM