The Bush Administration passes legislation that will allow the U.S. Deficit to surpass its previously designated ceiling by $1.6 trillion. Their new limit now sits at $9 trillion. When President Bush took office five years ago, the national debt was at $5.6 trillion; since then, big budget surpluses have collapsed into huge deficits, and the debt has shot up nearly 50 percent. The U.S. National Debt has continued to increase an average of $1.74 billion per day since September 30, 2005!
On a happier note, for anyone with Halliburton stock, the company’s revenues are estimated at $12.5 billion per year since the war (oops its not officially considered a war so let’s call it the “investment” of Iraq) began and their stock hit an all-time high of $83.97 per share in 2006 (up from $9 per share in 2002 when the Bush administration began planning its invasion (doh! mega dough!) investment of IRAQ.