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Politics

: The Gavel

Bush Legacy of Deficits and Debt

By Karina

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Majority Leader Hoyer’s office released a report today on the legacy of deficits and debt by President Bush and Republicans saying:

Over the last eight years, President Bush and Republicans have built a record of failed fiscal policies that are contributing to the devastating economic crisis facing our nation and will make the road to economic recovery a slow and difficult process. In addition, President Bush?s budgets have repeatedly cut funding for the programs that help Americans cope during an economic downturn while providing massive tax relief to big business and wealthy Americans.

The report shows key statistics contrasting the state of the economy when President Bush took office to now:

WHEN
BUSH TOOK OFFICE
TODAY
– IN THE RED
UNEMPLOYMENT
5.7
million unemployed
10.3
million unemployed
HOUSEHOLD
INCOME
$50,566
$50,233
HEALTH
INSURANCE
38
million uninsured
47
million uninsured
POVERTY
31.6
million
37.3
million
JOBS
CREATED
22.7
million over Clinton’s 8 years
5
million over 8 years
REAL
GDP GROWTH
3.6%
over Clinton’s 8 years
2.2%
over 8 years
NATIONAL
DEBT
$5.8
Trillion
$10.6
Trillion

Read the report>>

Full post as published by The Gavel on December 08, 2008 (boomark / email).

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