What part of $2.41 TRILLION in DEBT is something to be proud of?

Conrad added that the president also failed to note that he was tapping Social Security revenue to help cover the deficit through off-budget borrowing. Accounting for that, Conrad said, would have added $550 billion to the deficit last fiscal year, money that will have to be repaid as 78 million baby boomers become eligible for Social Security.

Other Democrats said Bush had overstated the strength of the economy and gave too much credit to tax cuts.

"Only a president with such a historically bad economic record would be this excited about a $248-billion deficit," said Rep. Carolyn B. Maloney of New York, ranking Democrat on the Joint Economic Committee. "The large budget deficits run up by President Bush have produced record-low national saving, record-high trade deficits and record-high foreign borrowing."

Though Bush took credit for "restraining spending," federal expenditures rose 7.4% compared with 2005, to a record $2.65 trillion. The biggest spending increases: education, up 28.1%; Medicare, up 12.5%; and interest on the public debt, up 15.2%. Tax revenue also reached an all-time high of $2.41 trillion.

The nonpartisan Congressional Budget Office predicts the deficit for fiscal 2007 will swell to $286 billion and total $1.76 trillion over the next decade.

The Congressional Budget Office also cast doubt on Bush's assertion that tax cuts would reduce the deficit. Its estimates show that extending the cuts, which are scheduled to expire in 2010, would add $2.2 trillion to the deficit through 2016.

What part of $2.41 TRILLION in DEBT is GOOD NEWS?

idiots.