President Bush has been criticized by members of both parties as something of a spendthift. With $1.7 trillion for the Afghanistan and Iraq wars alone, his administration has left a soaring debt, that now amounts to $30,000 per family.
It is now growing at $1 million a minute, according to the article hereWhat is particularly galling is that the Administration seems largely passive in the face of an economic crisis where the dollar has fallen not just well below the Euro but the Canadian dollar. Some countries are now considering dropping the dollar as their official exchange currency and many companies are refusing to accept payment in dollars.
Then there are the things that Bush has purchased with the money. A poll out this week shows a majority of Afghans oppose the U.S. and the Taliban is on the rise in the country. For the recent poll, click here In Iraq, a majority of people are equally critical and past polls showed that a majority of Iraqis supported attacks on American soldiers. In the meantime, the U.S. is handing over more power to Sadr, who it has accused of murder and is responsible for countless U.S. deaths.
For the full story on the debt, click here