July 30, 2003
Red House
Here is a fun site, Public Debt Online, where you can use its numbers to calculate changes in the US debt for any given period of time. Using site's data and a $3 calculator, I compared the change in our debt for the 30-month period starting on Bush's Inauguration Day, 1/20/01, to the same 30 month period leading up to that day (amounts rounded to the nearest billion):
DATE________DEBT_________________________CHANGE FROM PREVIOUS
7/20/98______$5,533,000,000,000_____________ ----------------------
1/20/01______$5,728,000,000,000_____________$195,000,000,000
7/20/03______$6,722,000,000,000_____________$994,000,000,000
There you have it. During Clinton's last 30 months in office the debt increased approx. $200 billion. In Bush's first 30 months, the debt increased approx. $1 TRILLION, or five times the previous amount. So much for conservative Republican fiscal policies. Just wait until the latest tax refunds (in the mail now), tax cuts for the rich and costs for the war are all cashed in. I'm thinking it's time to start calling the President's residence the Red House rather than the White House.
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