debt

Bush Wants Even More Money for the Wars

Oct 23, 2007
The White House's latest request ($46 billion) for the wars in Iraq and Afghanistan was greeted with fighting words by Senate Majority Leader Harry Reid: "President Bush should not expect Congress to rubber-stamp his latest supplemental request. We're not going to do that." For those keeping track at home, Bush has now asked for $196.4 billion so far for the budget year that began in October.

Got Debt? Head to Iraq

Sep 4, 2007
Being heavily in debt is prompting some U.S. military members to volunteer to serve in Iraq or Afghanistan. Take Air Force Capt. Nick Sloan, who admits that the need to get out of debt was a significant factor in his choice to go to Iraq.
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Americans Prefer Swiping to Saving

Feb 2, 2007
The annual savings rate dropped to the lowest level in 74 years, the Commerce Department has reported. On average, Americans saved a "negative 1 percent" in 2006, meaning people not only didn't save but dipped into their savings and borrowed in order to spend more than their income.

Jon Stewart Rips Bush’s Bolten Selection

Mar 31, 2006
His take on Bush's appointment of Josh Bolten as chief of staff: "He just gave a promotion to the guy in charge of our $9-trillion debt. You know what? I really think if you walked into a cabinet meeting and started hurling your feces at the wall, Bush would name a state after you."

Debt Clock Running Out of Space

Mar 28, 2006
When the U.S. national debt crests the $10-trillion mark within the next two years, the famous Manhattan signboard will no longer be able to display the entire amount. But don't worry: Congress, which recently raised our debt limit, won't suffer from any such limitations.

Going Deeper and Deeper Into Hock

Mar 17, 2006
Congress just raised our debt ceiling--the amount we're allow to borrow--by $781 billion. It was either that or default on our treasury notes. This is the fourth debt-ceiling increase since Bush took office--some $3 trillion in total. Dick Cheney may have said that deficits don't matter, but try telling that to the next generation of Americans, who are going to have one helluva credit card bill to pay off.