“Administration Borrows more from Foreign Nations than Previous 42 Presidents Combined”

I have nothing to add because I’m speechless. I’ll just post this excerpt and link from a release by Rep. John Tanner (D-TN) at the DCCC’s Stakeholder, found at Salon‘s Daou Report:

Washington, D.C. – President George W. Bush and the current Administration have now borrowed more money from foreign governments and banks than the previous 42 U.S. presidents combined.


Throughout the first 224 years (1776-2000) of our nation’s history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions according to the U.S. Treasury Department. In the past four years alone (2001-2005), the Bush Administration has borrowed a staggering $1.05 trillion. … Read all.


Linked at BushWatch.

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