President Bush, yesterday:
The majority was elected on a pledge of fiscal responsibility, but so far it’s acting like a teenager with a new credit card.
Outstanding United States public debt under Republican government:
| January/Year | Public Debt (Trillions) |
| 2001 | $5.7 |
| 2002 | $5.9 |
| 2003 | $6.4 |
| 2004 | $7.0 |
| 2005 | $7.6 |
| 2006 | $8.2 |
| 2007 | $8.7 |
That’s a teenager with a $3 trillion credit card.