Hastings has reason to be worried about nation's heavy debt


Yakima Herald-Republic Editorial Board

Posted by RonStevens at 07/03/09 04:13PM        Post ID#: #6314

Three years ago, the GDP rose at a healthy 3.1 percent during that same period.

Three years ago,we were in the midst of a housing bubble;
it was also the prelude to the auto corporations going into
bankruptcy;we were years of borrowing and spending over a trillion dollars in Iraq;this happened on the Bush administration watch.Bush woke up to late,he made a speech
with just around a month left in his second term;he advocated
the intial 700 billion dolars in stimulus funding,and under Bush,that was funded;with much of it not accounted for.

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