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Bush the Big Spender

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Robert Blumen

24hgold

Published : February 09th, 2004

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Peter Eavis analyzes Bush's big spending ways, why no one seems to care, and what could have been done about it, had he acted sooner.

Under his administration, the national debt has gone up a stunning 24 percent, to $7 trillion. A chief reason for that increase is that Bush has enthusiastically promoted an explosion in government spending. In 2004, federal government outlays are expected to exceed $2.3 trillion, which is $500 billion more than in 2000. At nearly $500 billion, the budget deficit is close to 4.5 percent of gross domestic product, the sort of ratio usually seen in developing countries that are about to implode.

Robert Blumen

Robert Blumen is an independent software developer based in San Francisco, California

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