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The Public Debt has risen almost 3 trillion dollars during the bush years. Where was the money spent?
14 Answers
- ChainsawLv 61 decade agoFavorite Answer
Medicare, Medicaid--giving tax payer subsidized heathcare to people who should pay for it themselves.
Schools--more and more money spent and no accountability nor results.
Basically income redistribution and entitlements.
- yauLv 44 years ago
Bush spent no the position close to 10 trillion funds. What are you speaking about? And we the folk ought to spend funds to get the commercial device going. we can provide the businesses funds all we need, yet when human beings do no longer purchase stuff there is not any substitute contained in the crappiness of the commercial device. that's what's taking position.
- Anonymous1 decade ago
fighting the war on terror. Heres the analogous situation I use in this arguement.
When Reagan won the cold war it was largely attributed to us breaking them financially
Saudi nationals hijack some planes and cause 9/11 at a cost of a few hundred thousand if they didnt work while here and paid for their lessons from the Saudi national bank maybe a million- we retaliate against afganistan and Iraq to the tune of 2-3 trillion dollars. I would say round one goes to Radical Saudi Islam!!
- CaptainObviousLv 71 decade ago
Nearly all the 2006 budget deficit resulted from additional spending above the baseline. Historic spending increases pushed federal spending up from 18.5% of GDP in 2001 to 20.2% in 2006.
Tax revenues are above the historical average, even after the tax cuts. Tax revenues in 2006 were 18.4%of gross domestic product (GDP), which is actually above the 20-year, 40-year, and 60-year historical averages
Projections show that entitlement costs will dwarf the projected large revenue increases. Revenues are projected to increase from 18% of GDP to almost 23% by 2050, while spending is projected to increase from 20% of GDP to at least 38%.
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- Anonymous1 decade ago
It sure wasn't used to aid the poor, elderly, or the disabled military. New Orleans and Louisiana lie in ruin still. Halliburton (KBR), Bechtel, and the Carlyle Group have all of the funds.
- blueevent47Lv 51 decade ago
I think you would have to look at the budget to get a clear answer there, but between one sixth and one fifth of that figure comes directly from extra-budgetary costs in Iraq.
That's something like 750 billion dollars that might have been spent elsewhere--or not spent at all...
- rollo_tomassi423Lv 61 decade ago
Of course the money was spent on everything the federal government spends money on. The reason the deficit increased so much was that Bush cut taxes while increasing spending on defense, and a lot of other things.
- pilotLv 51 decade ago
The cost of war is not as much in bucks as in the loss of life and limbs - what price tag on that?
- 1 decade ago
Well, I got a swimming pool put in. Other than that, you'd have to ask someone else.
- Anonymous1 decade ago
Halliburton,,