Krugman - Passing It Along

Here's another sentence in George Bush's State of the Union address that wasn't true: "We will not deny, we will not ignore, we will not pass along our problems to other Congresses, to other presidents and other generations."

Mr. Bush's officials profess to see nothing wrong with the explosion of the national debt on their watch, even though they now project an astonishing $455 billion budget deficit this year and $475 billion next year. But even the usual apologists (well, some of them) are starting to acknowledge the administration's irresponsibility. Will they also face up to its dishonesty? It has been obvious all along, if you were willing to see it, that the administration's claims to fiscal responsibility have rested on thoroughly cooked books.