16th June 17:42
If it's headed in the right direction, I would hate to see the wrong direction.
Bush: Economy 'headed in the right direction'
Saturday, July 19, 2003 Posted: 12:07
WASHINGTON (CNN) -- With the U.S. Treasury poised to start mailing out 25
million child tax credit checks next week, President Bush said Saturday that
his aggressive tax-cutting policies are producing "hopeful signs" of
improvement in the U.S. economy.
"The American economy is headed in the right direction, and we can be
confident of better days ahead," Bush said in his weekly radio address.
When Bush took office, the national debt, including the amount owed to
Social Security, was $4.5 trillion and headed sharply down. But Bush’s new
budget projects a $7.5 trillion debt by the end of 2008, including amounts
owed to Social Security. The President refuses to offer an estimate for the
size of the debt a decade from now, but the likely figure under the
President policies is close to $10 trillion.