Federal Debt up $26 TRILLION
Federal Debt up $26 TRILLION Since Dubya Took Office !!!
For years I've been writing about the Federal Debt being much worse than the $400 Billion (annual) deficit that is often reported in the media. The total Federal Debt was $6 trillion when Bush came into office, now it's $8.2 TRillion and climbing, or so I thought. Then I read this:
The federal government’s fiscal exposures now total more than $46 trillion, up from about $20 trillion in 2000. This staggering revelation was included in the US Dept. of Treasury's own report. 2005 Financial Report of the United States Government (1mb PDF) That's an additional $26 TRILLION in debt since Dubya took office!
Here's the full quote from the Treasury report: /read all about it!/