This war so far has cost us $125 billion and counting, because largely we decided to do it on our own, with only the United Kingdom as a paying, fully participating partner.

This war so far has cost us $125 billion and counting, because largely we decided to do it on our own, with only the United Kingdom as a paying, fully participating partner.

We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.

We developed during the 1990s a series of budget process rules that helped us bring to heel these deficits, diminishing every year and moving the budget so into surplus.

Three big assumptions proved wrong: one, that the Iraqi people would welcome us as liberators; two, that oil would soon pay for Iraqi's rebuilding; and, three, that we have plenty of troops, weapons, and equipment for the postwar situation.

We have got thousands of nuclear weapons in order to achieve deterrence.

Our country, the United States of America, may be the worlds largest economy and the worlds only superpower, but we stretch ourselves dangerously thin by taking on commitments like Iraq with only a motley band of allies to share the burden.