Page added on September 19, 2005
Former US president Bill Clinton sharply criticised George W Bush for the Iraq war and the handling of Hurricane Katrina, and voiced alarm at the swelling US budget deficit. On the US budget, Clinton warned that the federal deficit may be coming untenable, driven by foreign wars, the post-hurricane recovery program and tax cuts that benefitted just the richest 1% of the US population, himself included.
Clinton added: “We depend on Japan, China, the United Kingdom, Saudi Arabia, and Korea primarily to basically loan us money every day of the year to cover my tax cut and these conflicts and Katrina. I don’t think it makes any sense.
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