Wednesday, January 17, 2007

Foreign Control of U.S. Debt

Bushie's economic policies have pushed the amount of the U.S. national debt owed to foreigners up to a new record of $2.2 trillion - half of which is owed to Japan, China, and OPEC nations.

Under Clinton, we were paying the debt down and when Bushie took office it was at about $1 trillion. To pay for his Iraq disaster and his record deficits, Bushie is borrowing from foreign countries. We will have to pay this money back with interest and it will fall on future presidents and future generations of Americans to figure out how.

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