From the mid-session review where President Bush discusses the national budget and economic growth: "In order to reduce the deficit, you got to set priorities. And in working with Congress, we've set clear priorities. And the number one priority of this administration and this Congress is to make sure men and women who are defending the security of the United States and helping to spread peace through the spread of liberty get all the help they need from our government. We will always fund the troops in harm's way. In an age when terrorists have attacked our country and want to hurt us again, we will do everything in our power to protect the American homeland. Those are the clear priorities of this administration, and the clear priorities of the United States Congress. Fighting a war on terror and defending the homeland imposes great costs, and those costs have helped create budget deficits. Our responsibility is to win this war on terror, and to keep the economy growing. And those are the kind of policies we have in place. Some in Washington say we had to choose between cutting taxes and cutting the deficit. You might remember those debates. You endured that rhetoric hour after hour on the floor of the Senate and the House. Today's numbers show that that was a false choice. The economic growth fueled by tax relief has helped send our tax revenues soaring. That's what's happened."
The White House: http://www.whitehouse.gov/