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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (522424)	1/11/2004 10:35:07 AM
From: AK2004	Read Replies (1) \| Respond to of 769670

demowhackos lost any momentum they had .....

To: GROUND ZERO™ who wrote (522424)	1/11/2004 11:21:54 AM
From: Rarebird	Read Replies (2) \| Respond to of 769670

<they begin to realize the demowhacko's have no clue...> I'm sure you are aware of this: Since President Bush stepped into the Oval Office, federal government spending has exploded by 23.7%. US federal expenditures have grown to an estimated $US 2.31 TRILLION for the budget year that began on Oct. 1, 2003. That is up from $US 1.86 TRILLION in President Clinton's final year. American consumers were right in behind this wave of Federal spending as can be seen from the fact that all outstanding consumer credit, mortgage debt and other debts, hit $US 9.3 TRILLION by April 2003, up from $US 7 TRILLION in January 2000. In not much more than three years, Americans borrowed and then spent $US 2.3 TRILLION. On the latest BIS (Bank for International Settlements) data, Americans sweep up through their borrowings 86% of the entire world's savings, but they only create a third of its output. Since 2002, Americans have taken out a record $US 3.4 TRILLION in new mortgages, equal to a third of the entire US GDP. And it is this HUGE borrowing and spending binge which is now threatening to push the US Dollar off a cliff.