Re: it is in the 200 billion range, and it is coming down.
You're confused, but it's not your fault - the data are intentionally presented in a very confusing manner.
What decreased a bit is the rate at which the money is being borrowed by the Federal government, from about $400,000,000,000 in 2005 down to about $200,000,000,000 borrowed per year (for 2007 - if things keep going as they have so far this year).
That means that Bush is putting every household in the US about $2,000 deeper into debt, this year.
Granted, that's a lot better than putting each of our families $4,000 deeper into debt this year, but it's hardly wonderful news.
Under Clinton, we were paying off debt (by the rules under which Bush is claiming victory). We were actually still borrowing some from social security under Clinton, and things are actually much worse than reported - as bad it already sounds - under Bush. |
