The Big Sell-Out (We Have Searched for the People Who Hate Our Freedom, and They Are Us)

from DCCC Stakeholder:

President George W. Bush and the current Administration have now borrowed more money from foreign governments and banks than the previous 42 U.S. presidents combined.

Throughout the first 224 years (1776-2000) of our nation's history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions according to the U.S. Treasury Department. In the past four years alone (2001-2005), the Bush Administration has borrowed a staggering $1.05 trillion.

"The seriousness of this rapid and increasing financial vulnerability of our country can hardly be overstated," said Rep. John Tanner (D-TN), a leader of the Blue Dog Coalition and member of the House Ways and Means Committee. "The financial mismanagement of our country by the Bush Administration should be of concern to all Americans, regardless of political persuasion."

"No American political leadership has ever willfully and deliberately mortgaged our country to foreign interests in the manner we have witnessed over the past four years," continued Rep. Tanner. "If this recklessness is not stopped, I truly believe our economic freedom as American citizens is in great jeopardy."