[mEDITate-OR:
see a Trillion here and a Trillion there...
and wonder when it will become real money...
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Tis not that often that CNN gets it right anymore
but this time they nailed it...
and YOUR political party to the walls of Congress.
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How Washington F@#$%! the budget
Since 2001, lawmakers time and again have cut taxes
or increased spending without finding ways to pay for their decisions.
Both parties share the blame.
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Bush tax cuts: 2001, 2003 and 2006
an initial 10-year cost estimate of $1.35 trillion
The cost of the latest two-year extension? $544.3 billion
That's the first 0f W's US$ 2 Trillions
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War funding: 2001 to present
In order to fund wars in Iraq and Afghanistan
Presidents Bush and Obama have spent more than $1 trillion on direct costs alone.
On top of that, annual defense spending has just about doubled since 2001
rising to almost $700 billion in 2010.
Military spending now accounts for more 20% of the entire federal budget
That's another US 1 Trillion
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Medicare drug benefit: 2003
Originally estimated to cost $395 billion over 10 years
estimated that Medicare Part D will cost about $1 trillion dollars over the next 10 years
That's another of W's US$ 1 Trillions
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Bush stimulus: 2008
a $168 billion stimulus package
The tax cuts and other incentives -- totaling around 1% of GDP -- weren't paid for.
W's stimulus and TARP below are another US$ 1 Trillion.
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TARP bailouts: 2008
spend up to $700 billion to help stabilize financial markets.
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American Recovery Act: 2009
cost revised to $862 billion.
Not to be out done Obama cost U.S. another Trillion
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The Republican-Obama tax package: 2010
projected to cost $858 billion over ten years.
Your newly elected Republican House demanded this one.
and Obama gave it to them and U.S. = another US$ Trillion
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Debt at the breaking point
Today, the national debt stands at more than $14 trillion
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