In the weeks ahead, my administration will continue pushing for earmark reform and holding the line on Federal spending. The American people do not want a return to the days of tax and spend policies. They expect accountability and fiscal discipline in Washington, D.C. Now, certainly, we don't disagree with that statement, but for those that understand the history of this administration, they can understand why some of us might be amused to hear the President saying such a thing, because I would remind my colleagues, if they need reminding, that prior to President Bush taking office, the 4 years immediately before his term, we had had 4 consecutive years of budget surplus, surpluses that were forecast as far as the eye can see. In fact, the Congressional Budget Office scored the 10-year projection of surplus at over $5 trillion of surplus.
Editor's note · Context
Discussing President Bush's radio address and the historical context of budget surpluses.
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