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California Burning. Wildfire Losses May Top $1 Billion

Society & Culture  (tags: society, sadness, wildfires, California, death, natural disasters, nation, humans )

- 3866 days ago -
SAN DIEGO (Oct. 24) -- The devastating wildfires in Southern California have caused at least $1 billion in damage in San Diego County alone, officials said Wednesday, as easing wind gave firefighters hope that they could begin to gain ground against the

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Blue Bunting (855)
Thursday October 25, 2007, 10:13 am
We Can't Afford This Damn War AnymoreRead Post | Comments (44)

The bottom line is Bush and his war have done nothing except endanger the fiscal health of future US generations.

Let's go over the basic facts -- again, for those of you playing along at home. Bush inherited a budget surplus. And he went right back to the Regan school of economics: cut taxes for the rich and mire the country in debt.

Just in case you forgot -- the current level of total federal debt is


And notice that every year, the federal government has issued tons of debt since Bush took office.

09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
09/30/2000 $5,674,178,209,886.86

In other words -- this isn't a one time event. This is the way the Republicans run the country. Poorly.

So, let's return to the CBOs estimate of $2.7 trillion that the US will spend on the war until 2017. Now, let's ask ourselves a very simple question:


We're already issuing $500 billion or more of net new debt per year for the last 5 years. That means one very important thing is not happening -- we're not balancing our budget in any way shape or form. Instead, we're spending the Social Security Trust Fund (which we're supposed to be saving) for today's expenditures. And let's remember the fiscally responsible Republican Party was completely in control for 6 of the last 7 years of fiscal history. They have absolutely no idea how to deal with nation finances.

How much more debt can we float before our creditors stop lending us money?

The Republicans want to find out.


Linda B (71)
Thursday October 25, 2007, 6:32 pm
I was just going to comment that these devasting fires will be interfering with Bush's war budget. After all, he does have this priorities. He makes me ill, and these fires make me sad. Please donate, if you can.
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