Bonddad gives another example of the Bush administration's fiscal recklessness with this information from The Bureau of Public Debt:
In 2002, total debt outstanding increased from $5.807 trillion to $6.228 trillion, or $421 billion.At the beginning of 2002, the total outstanding debt was $5.807 trillion - today it stands at $8.527 trillion. Bush is neither fiscally responsible nor conservative. He can brag about cutting taxes all he wants, but a deficit is nothing but taxes deferred. Sooner or later, the bill will come due.
In 2003, total debt outstanding increased from $6.228 trillion to $6.783 trillion, or $555 billion.
In 2004, total debt outstanding increased from $6.783 trillion to $7.379 trillion, or $596 billion.
In 2005, yet total debt outstanding increased from $7.379 trillion to $7.932 trillion or $553 billion.
So far in 2006, total debt outstanding has increased from $7.932 to $8.527 trillion, or $595 billion.
Despite the administration's claims they will halve the budget deficit by 2008, the Treasury continues to issue over $550 billion dollars of net new debt every year. That means the deficit is not under control in any way.