I haven't seeen this reported here, but this is an unmitigated disaster of epic proportions if true. Most Republicans I know STILL believe that Bushie is fiscally conservative (and responsible), that economic woes of the country remain only as a result of "the events of 9/11" and really think flat taxes and social security privatization are good ideas. This news, if true, seems to be a compelling argument against their claims (and yet another reason to kick the bums out).
According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion.
More:
"The seriousness of this rapid and increasing financial vulnerability of our country can hardly be overstated," said Rep. John Tanner (D-Tenn.), a leader of the Blue Dog Coalition and member of the House Ways and Means Committee.
"The financial mismanagement of our country by the Bush Administration should be of concern to all Americans, regardless of political persuasion," said Tanner in a press release.
From www.cnsnews.com/ViewNation.asp?Page=Nationarchive200511
/NAT20051104b.html
Is it current dollars to current dollars comparison? Any Blue Dog Dems out there?