Quote: President Bush today held a press conference boasting of a reduced US defecit--even though it is still the fourth largest defecit in American history, RAW STORY has learned.
"This good news is no accident," Bush told taxpayers from the East Room of the White House. "It's the result of the hard work of the American people and sound policies in Washington, D.C."
Although Bush inherited a budget surplus, and a national debt that had dwindled in both of Clinton's terms, his administration has since seen a ballooning defecit and record debt. The nation's three highest deficits were seen under Bush. ...
