The Cost of Irresponsible War and Mismanagement of Goverment

The White House predicted Monday that President Bush would leave a record $482 billion deficit to his successor, a sobering turnabout in the nation’s fiscal condition from 2001, when Mr. Bush took office from President Clinton who left three consecutive years of budget surpluses.

The worst may be yet to come. The announcement does not reflect the full cost of military operations in Iraq and Afghanistan, the potential $50 billion cost of another economic stimulus package, or the possibility of steeper losses in tax revenues if individual income or corporate profits decline.

tsk tsk

1-20-09 can not come soon enough....