Can We Float a $9 Trillion Boat?

Steve Sack/Minneapolis Star Tribune














"...our budget will run a deficit that will be small and short-term..."
President Bush, State of the Union, January 2002.

"...we can cut the deficit in half over the next five years."
President Bush, State of the Union, January 2003

"...we can cut the deficit in half over the next five years."
President Bush, State of the Union, January 2004

"I will send you a budget that holds the growth of discretionary spending below inflation, makes tax relief permanent, and stays on track to cut the deficit in half by 2009."
President Bush, State of the Union, January 2005

"...and stay on track to cut the deficit in half by 2009."
President Bush, State of the Union, January 2006

The Bush administration inherited a ten-year budget surplus of $5.6 trillion.

In March of 2006 the Bush administration and the GOP Congress raised the debt ceiling to nearly $9 trillion.

Heck of a job Dubya.