Saturday, September 11, 2004

Rent To Own

Daniel Gross, in Slate's Money Box column, here, thoroughly deconstructs the Bush "Ownership" mantra. Read to find out exactly how much the rebounding economy sucks.

Here are a few tidbits:

Total debt: $22.8 trillion (up from $18.1 trillion during Bush's tenure)

Federal debt: $4.15 trillion (up 22%)

Total household debt: $9.5 trillion (up 36%)

Mortgage debt outstanding: up 43%

Consumer credit: up 20%

State & local government debt: up 33%

Slacktivist also does a very complete takedown of the owe-nership idea. You'll wonder where the money went...