Mr. Speaker, some folks think that President Bush's term ends on January 20, 2009. Many Americans have a big red circle or a happy face on their calendar already on that date, or perhaps on their key chains, and their watches that tick down ever so slowly, backwards toward that happy time. But while President Bush may be gone from the White House in 314 days, this administration and its congressional enablers have done so much damage that generations of American families will be footing the bill for their fiscal recklessness, with compounded interest, long, long after President Bush retires to Texas. This administration has consistently chosen to sacrifice long-term fiscal stability on the altar of political expediency. They have offered the ``free lunch'' plan, the ``pain-free'' solution to almost every challenge that our country has encountered. And the greatest sacrifice that they have demanded at a time of national peril for most Americans is to tell them to ``go shopping''. Well, this administration has now created a record $3 trillion of additional national debt on its own during the Bush years. What would even just one of those trillions of dollars of debt have accomplished had it been expended in a more appropriate manner? One trillion, that's millions of public school teachers; that's health care for hundreds of million children; that's university scholarships for millions of students.…
Editor's note · Context
Addressing the fiscal impact of the Bush administration's policies and national debt.
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