Bush's busted budgets

If you've gone to see the U.S. National Debt Clock recently, you may have noticed that the United States is nearly $8 trillion in debt. If you haven't, go check it out. It's on the right side of this page, all the way at the bottom of the link section.

You know what makes those numbers go up? When the government spends more money than it actually has. When they do that, it creates something called a "budget deficit," and that money adds up to become the national debt.

According to France's finance minister, a floppy-haired number-cruncher named Thierry Breton, Federal Reserve Chairman Alan Greenspan said that "we've lost control" of our budget deficits. While the previous statement is unofficial, I would bet my first-born male child that the following is true:

"We were both disappointed that the management of debt is not a political priority today," [Breton] added.

There are many theories as to why it's not a priority. The Christian Science Monitor reports that it's because Bush is trying to have a big presidency. Slate.com says that it's either driven by congressional pork or a lack of concern.

What's the real reason? I don't know. All I know is, it's not good. Ask Argentina if you don't believe me.