Home > Fande = Fact & Evidence, self-sacrificing, The Economy > George W. Bush = $2.7 Trillion Price Tag

George W. Bush = $2.7 Trillion Price Tag

$1 Trillion = “illegal” and unnecessary Iraq War that mainly benefited military contractors, like Dick Cheney’s Halliburton

-$1 Trillion = Bush Tax Cuts for superwealthy

-$700 billion = 2008 TARP bailout of Wall Street banks due to Republican mismanagement of our economy, aka the Subprime Mortgage Meltdown

http://www.nytimes.com/2010/08/09/opinion/09krugman.html?hp

EXCERPT:

“The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno.

Meanwhile, a country that once amazed the world with its visionary investments in transportation, from the Erie Canal to the Interstate Highway System, is now in the process of unpaving itself: in a number of states, local governments are breaking up roads they can no longer afford to maintain, and returning them to gravel.

And a nation that once prized education — that was among the first to provide basic schooling to all its children — is now cutting back. Teachers are being laid off; programs are being canceled; in Hawaii, the school year itself is being drastically shortened. And all signs point to even more cuts ahead.”

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