The TNT ed board has long been worried about the huge runup in the national debt and unrestrained spending under the Bush administration.
An editorial in The New York Times the other day noted a scary statistic: In 2001, foreign interests held 30 percent of the United States’ publicly held debt in the form of U.S. Treasury bonds. Today, it’s 43 percent. During the Bush administration, 73 percent of new government borrowing has been from abroad.
See the editorial here.