The non-partisan Congressional Budget Office predicted a $1.2 trillion budget deficit for the fiscal year. This estimate from the CBO adds in "hundreds of billions of dollars in spending tied to the government’s existing bailout programs, which the Bush administration has thus fare treated as 'investments' it would recoup rather than 'spending' or 'costs' that are down the drain." In other words, George Bush doesn't add in his multi-billion bailouts to the budget. He figures them to be investments rather than spending. What a genius. Republican math is always misleading.
Mark my words, Republicans will now all of a sudden become "extremely worried" about the national deficit once again. For 8 solid years not a single gripe about Bush's budgets but once Obama inherits this mess the GOP will return to being "fiscally responsible" again.
Just to demonstrate the degree to which George Bush has ruined this country, consider this: In 2001 George Bush inherited a $560 billion surplus. He leaves his successor with a Trillion Dollar deficit. I couldn't imagine if Clinton had done that to our country.
Are Republicans at The Corner really blaming Bush?
*Updated after The Fold
Maybe I spoke too soon. Seems here right winger Steven Spuriell alludes on The Corner that Bush is largely to blame. I mean he never comes right out and says it but there is no other conclusion to draw from this post.
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When one man was contained and powerless outside his own country, he went after him and brought vengeance along for the ride. This is his story as only history can tell it.
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