Facts had changed. His promise to balance the budget, his promise to pay down the debt, were proved to be false. [Emphasis added]
But he [Bush the younger] refused to take responsibility for his policies. He refused to admit that a changed world demanded a change of course.
His refusal has pushed us deeper and deeper into the hole. His refusal added $450 billion to the debt in 2002; it added $984 billion in 2003; it added $800 billion in 2004. And here we are again today, adding another $781 billion. With that addition, our national debt will be $8.6 trillion at the end of this year.
The President’s budget plans will bring that number to $11.8 trillion at the end of the next 5 years. This is a record of utter disregard for our Nation’s financial future. It is a record of indifference to the price our children and grandchildren will pay to redeem our debt when it comes due. History will not judge this record kindly.
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