US Presidency
2001

Through our last four budgets we've turned record deficits to record surpluses, and we've been able to pay down $ 600 billion of our national debt, on track to be debt-free by the end of the decade for the first time since 1835. Staying on that course will bring lower interest rates, greater prosperity, and the opportunity to meet our big challenges. If we choose wisely, we can pay down the debt, deal with the retirement of the baby boomers, invest more in our future, and provide tax relief. Second, because the world is more connected every day, in every way, America's security and prosperity require us to continue to lead in the world. At this remarkable moment in history, more people live in freedom than ever before. Our alliances are stronger than ever. People all around the world look to America to be a force for peace and prosperity, freedom and security. The global economy is giving more of our own people and billions around the world the chance to work and live and raise their families with dignity.