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Monday, February 05, 2007

Ever wanted to spent 2.9 trillion US $?

President Bush's administration holds the track record for having lost the most money any American administration has ever lost. That is most impressive and saddening considering that the Cold war actually is part of that list of administrations. Now the new Budget that Bush has presented does not change this problem but only seems to increase expenditures, also he claims that this budget would allow a surplus by 2012, thus making another administration responsible of handling this problem. The new budget plans on spending 2.9 trillion US Dollars such this sum includes new and increased (or improved as some would call it) military expenditures. The Congress has already criticized Bush's approach to the finance problem and is likely to want to change a great deal on this new budget.
Some even call this new Budget 'The war budget' if that is justified or not is to be decided.

Bush submits $2.9 trillion budget (BBC)
Bush unveils 'war' budget (Al Jazeera)

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