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Tuesday, November 28, 2006

Whose debt is it anyway?

Andrew Tobias:

Have I mentioned lately that the National debt will be around $10 trillion by the time Bush leaves the White House? EIGHT trillion of which will have been racked up under just 3 of our 43 presidents – Reagan, Bush, and Bush? Have I mentioned that annual interest on the debt already amounts to 40% of all the personal income taxes we pay?

Obviously, we can't make Reagan pay off his share, but maybe we could send the bill for the rest to Bush I and II. How 'bout that?

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