While the United States Armed Forces (private mercenaries) are in Afghanistan, Djibouti, Iraq, the Philippines and west Africa defending “all freedom-loving people everywhere in the world,” Eisenhower II ends, as control of CONgress shifts from the Republican (fascist/socialist) Party to the Democratic (socialist/fascist) Party.  The key issue for the Democratic Party prior to the election was ending the Iraqi-American War.

       NOTE: During the four and a half years that Republican Party controlled all three political branches of the Federal government, the house of representatives the senate, and the presidency,

  • the Federal government’s income rose twenty percent, from 2,000,000,000,000 to 2,500,000,000,000 “dollars” per year;
  • the Federal government’s expenditures rose nearly a third, from 1,900,000,000,000 to 2,800,000,000,000 “dollars” per year;
  • the Federal government’s public debt rose over fifty percent, from 5,730,000,000,000 to 8,680,000,000,000 “dollars”;
  • President George W. Bush issued 147 “signing statements” to accompany the myriad of new legislation he  enacted, explaining why he was not going to enforce, or obey, the new statutes;
  • an estimated 655,000 Iraqi citizens, and 2,964 members of the United States Armed Forces, were killed in the Iraqi-American War/Iraqi Civil War;

So much for conservative Republicans!

       [added 3/9/2024]

       Ownit Mortgage Solutions files for Chapter 11 bankruptcy protection (re-organization).  Merrill Lynch investment bank loses 93,000,000,000 “dollars” as a consequence.

       [restored 3/9/2024]

Subsequent Events:

2/5/2007                   5/15/2007                   2/4/2008

Authority:

References:

Debt to the Penny (Daily History Search Application)
www.Treasurydirect.gov/NP/BPDLogin?application=np

Budget of the United States Government: Historical Tables
www.gpoaccess.gov/subudget/

Presidential Signing Statements
www.coherentbabble.com/signingstatements/TOCindex.htm

CNN.com – Special Reports
www.CNN.com/SPECIALS/2003/iraq/forces/cassalties/

Study Claims Iraq’s ‘Excess’ Death Toll Has Reached 655000 – washingtonpost.com
www.washingtonpost.com/wp-dyn/content/article/2006/10/10/AR2006101001442.html

Timeline of the United States housing bubble – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Timeline_of_the_United_States_housing_bubble

Subprime crisis impact timeline – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Subprime_crisis_impact_timeline

 

Current U.s. National Debt:

$36,167,124,467,492

Source