"Let the facts speak for themselves. In seven years, Bush has not once balanced the budget, nor presented a balanced budget to Congress. He took office with a $236 billion surplus, which he quickly turned into a $413 billion deficit. The projected deficit for 2008 is still $180 billion, not counting the wars in Afghanistan and Iraq, or the money we are borrowing from the Social Security Trust Fund.
Bush's record of fiscal profligacy continues. The federal budget in 2001 was $1.9 trillion; today, it's $2.7 trillion. Under Bush and a Republican Congress, the national debt has soared from 5.8 trillion to $9 trillion – 25 percent of which is owned by China, Japan and the UK. It took 42 presidents 224 years to build up $1 trillion of foreign-held debt. It's taken George Bush just seven years to accumulate $1.22 trillion."