" The U.S. Treasury Department said on Wednesday publicly held U.S. debt breached $9 trillion this week for the first time ever, just five weeks after Congress had raised the statutory borrowing limit.
At the end of September, U.S. President George W. Bush signed a measure to increase the debt limit ceiling to $9.815 trillion from $8.965 trillion, allowing the government to keep issuing debt.
The increase in the debt limit is the fifth since Bush took office in January 2001. The U.S. debt stood at about $5.6 trillion at the start of his presidency."
$3.5 Trillion dollars in seven years. And NOW he's claiming fiscal responsibility.
And from the new recall of toys from China, AmericaBlog comments: "All we need now to make this even crazier is to listen to Republicans pontificate once again about letting industry self-regulate. Then they can tell us how "the market" will work out the problems. Just ignore those kids who are being rushed to the hospital and think of them as martyrs for industry and cheap toys from China."
Thursday, November 08, 2007
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