Thanks, George

George W. Bush's gift to the nation and the next President: a record (in dollar terms) budget deficit of $490 $482 billion:

Measured against the size of the economy, that mark, at 3 percent of the gross domestic product, is still eclipsed by the deficits of Bush's first term, as well as the deficits of George H. W. Bush's administration and Ronald Reagan's.

Those Republicans... such strong fiscal conservatives, right?