- The White House announced in a one-sentence statement Monday that President Bush had signed into law a nearly half-trillion-dollar increase in the government’s ability to borrow money.
White House press secretary Ari Fleischer put the news out on paper: “On Friday, June 28, 2002, the president signed into law S. 2578, increases the public debt limit from $5.95 trillion to $6.4 trillion.”
As Al Martin reports, wealthy Republicans have been relocating overseas to avoid a potentially explosive economic situation in the United States.