And we thought Democrats could spend
Last night the Republican controlled Congress approved passage of the debt ceiling increase. The government's borrowing limit has climbed by $2.23 trillion since President Bush took office with Republicans in control of Congress: by $450 billion in 2002, by a record $984 billion in 2003 and by $800 billion this year. The increase in the debt ceiling alone over the past three years is nearly 2 1/2 times the entire federal debt accumulated between 1776 and 1980.

A recession, a sluggish economy and five tax cuts in four years -- coupled with spending on wars in Iraq and Afghanistan and rising domestic spending -- have turned record surpluses that Bush inherited into a record deficit of $413 billion in the past fiscal year.
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