But what Mr. Bush didn't mention, and what he almost never mentions, is the National Debt. With good reason.
To hear President Bush tell it, he's on the side of the angels when it comes to federal spending. In his Saturday radio address, he blasted congressional Democrats for pursuing "tax and spend policies," while trumpeting his own commitment to keep taxes low and restrain federal spending. He said his plan will produce a balanced federal budget by 2012.
On the day he took office, the National Debt stood at this unfathomable number:
In fiscal shorthand, that's $5.7 trillion dollars. Trillion with a "T."
Six and a half years later, the Bureau of Public Debt tells us the National Debt clocks in at a staggering:
That's $8.8 trillion – an increase of $3.1 trillion dollars since January 20, 2001.
And that amounts to a jump of 54% during Mr. Bush's watch.
From CBS News.