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Bush is Destroying the US Economy

  1. Bush is focussing all his mental energy on war and not thinking about the economy.
  2. Bush has has squandered the budget surplus accumulated by Clinton. According to Democratic National Committee (DNC) Chairman Terry McAuliffe: "In FY 2004 the Bush budget deficit will be $307 billion, topping the record high of $290 billion in 1992." [from Bush Senior].
  3. Bush is about to launch an unnecessary war against Iraq that could cost the US between $100 to $200 billion.
  4. Bush's tax cuts will only benefit the wealthy, and will create a trillion dollar deficit that will have to be paid back someday by the average taxpayer.
  5. The ongoing war is creating uncertainty in the stock market and discouraging investment.
  6. Bush's war is taking very productive and skilled young people and sticking them in the desert where they cannot contribute to the economy.
  7. Many businesses have been hurt because senior employees in the reserves have been called to active duty.

Resources

Congressional Budget Office, 9/30/03, "Letter to the Honorable Kent Conrad and John M. Spratt Jr. regarding estimated costs of a potential conflict with Iraq"

Washington Post, 12/1/2002 "U.S. Facing Bigger Bill For Iraq War. Total Cost Could Run As High as $200 Billion"

 

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