On the recordMarch 21, 2007
Democrats this week complete committee work on a 2008 budget that finally moves us away from the fiscal irresponsibility, reckless spending and record deficits of the past 6 years. When President Bush first came into office, America had just had 4 consecutive years of budget surplus, forecast to continue as far as the eye can see. Now, 6 years later, Republicans have turned a projected $5.5 trillion surplus into a $3 trillion deficit. They borrowed more money from foreign nations in the past 6 years than we had in the past 212 years combined. Fortunately, Democrats have a new set of priorities, one that moves America towards a balanced budget for the first time in 6 years.
Source
govinfo.gov
