PRESIDENT GEORGE W BUSH Message Board

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Politics : PRESIDENT GEORGE W BUSH

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From: bentway	8/5/2005 7:54:04 PM
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Editorial: U.S. debt/It's grown substantially August 5, 2005 ED0805B Q. When did the federal government stop selling 30-year bonds? A. 2001. Q. Why? A. Because it was thought they would no longer be necessary in light of expected declines in total national debt. Q. What was the national debt in 2001? A. $5.9 trillion. Q. What is the national debt today? A. $7.8 trillion. Q. When will the federal government again start selling 30-year bonds? A. 2006. Q. Why? A. To finance that growing national debt. Q. When was the last time the federal government ran a surplus? A. 2001. Q. Who prepared the 2001 budget? A. President Bill Clinton. Q. What was the deficit on last year's federal budget? A. $412 billion, a record. Q. Who's responsible for the $2.1 trillion, 36 percent increase in the national debt since President Bush took office less than five years ago? A. Must be tax-and-spend liberals, huh? startribune.com

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