Bush the corporate CEO president recorded a $1.3 TRILLION loss last year for the country

[PA Democrat]

The federal government recorded a $1.3 trillion loss last year — far more than the official $248 billion deficit — when corporate-style accounting standards are used, a USA TODAY analysis shows.

The loss reflects a continued deterioration in the finances of Social Security and government retirement programs for civil servants and military personnel. The loss — equal to $11,434 per household — is more than Americans paid in income taxes in 2006.

"We're on an unsustainable path and doing a great disservice to future generations," says Chris Chocola, a former Republican member of Congress from Indiana and corporate chief executive who is pushing for more accurate federal accounting.

Modern accounting requires that corporations, state governments and local governments count expenses immediately when a transaction occurs, even if the payment will be made later.

http://www.usatoday.com/news/washington/2007-05-28-federal-budget_N.htm

[demobabe]

1. Bush isn't in this for sustainability

Folks need to wake up.

[valerief]

3. You've got that sooooooooo right. nt

[guitar man]

2. Bu$h and Darth Cheney

come into office, bankrupt the country, cause a shitload of misery and will leave with a crapload of money for themselves out of the deal and leave the mess for someone else to clean up.

Yep, true to their word, it surelay has been a "CEO type" administration....:(

<edit typo>

[demobabe]

7. So who cleans it up later?

Betcha you're thinking Democrats.

How bout this tinfoil hat scenario: Bush & Co. bankrupt and crash the whole US economy and system. They've already sent out billions of dollars in a cargo plane which is now missing - to be found in their bank accounts maybe? They come back and buy up everything, pennies on the dollar and now rule the world.

I mean, what more is there for an addict to do? Gotta get ALL the money and the land and everything...

[guitar man]

8. hell, anything's possible at this point

nothing really surprises me anymore...:(

[Elwood P Dowd]

4. We also had an 800 billion dollar current account deficit

so that would make the total 2.1 trillion.

[Hydra]

5. The money wasn't "lost"

it went into SOMEONE'S Pocket.

Pickpockets could only dream of this kind of robbery with no threat of retribution.

[bamacrat]

6. Wasn't that the amount of his tax cut?

Wonder why we are missing so much money? What a douche, if you spend more than you make you will go into debt, very simple.

[eppur_se_muova]

9. Lead parachute time for the CEO. nt

[Rex]

10. No surprise, every business he ever touched turned to shit.

George Bush's legacy? It will (at least to me) be his LEGENDARY failure rate! I don't know if he is the worst POTUS in history, but I can guarantee one thing - he is the biggest failure as a president America has ever had to suffer under.

[PA Democrat]

11. I read Shrub by Molly Ivins before the 2000 election.

I was shocked that a lot of Americans bought Bush's BS about how he was going to run the country like a business. He was a total failure as a businessman and a total failure as a president. Unfortunately, it's always other people who are left paying the bill for the clean-up of his messes.