Paying the price for eight years of Bush

Less than 7% of those polled consider his presidency a success. One of, if not the worst president in history!

clipped from hnn.us onservative assumptions, we calculate that the bill for Bush-era excess—the total new debt combined with the total new accrued obligations— amounts to $10.35 trillion. This legacy will have long-term consequences for America’s prosperity, but it also will weigh heavily and immediately on the Obama Administration, which will need to spend money fast to get the economy moving agai Joseph E. Stiglitz and Linda J. Bilmes: The $10 trillion hangover ... Paying the price for eight years of Bush [Linda J. Bilmes, a lecturer in public finance at Harvard University’s Kennedy School, is a former assistant secretary for administration, management, and budget in the U.S. Department of Commerce Nonetheless, the outgoing administration has made a series of unwise economic choices that together will add up to a burdensome legacy. When George W. Bush took office, he inherited a budget surplus of $128 billion and a bright fiscal future.