Informed Speculation

That’s State of the Union for you non-political junkies.  President George W. Bush, writing in the Wall Street Journal:

In the days ahead, I will be addressing our nation about a new strategy to help the Iraqi people gain control of the security situation and hasten the day when the Iraqi government gains full control over its affairs. Ultimately, Iraqis must resolve the most pressing issues facing them. We can’t do it for them.

But we can help Iraq defeat the extremists inside and outside of Iraq–and we can help provide the necessary breathing space for this young government to meet its responsibilities. If democracy fails and the extremists prevail in Iraq, America’s enemies will be stronger, more lethal, and emboldened by our defeat. Leaders in both parties understand the stakes in this struggle. We now have the opportunity to build a bipartisan consensus to fight and win the war.

America’s priorities also include keeping our economy strong. The elections have not reversed the laws of economics. It is a fact that economies do best when you reward hard work by allowing people to keep more of what they have earned. And we have seen that businesses can expand and hire more workers when they have more money to invest–and since August 2003, America’s employers have added more than seven million new jobs.

It is also a fact that our tax cuts have fueled robust economic growth and record revenues. Because revenues have grown and we’ve done a better job of holding the line on domestic spending, we met our goal of cutting the deficit in half three years ahead of schedule. By continuing these policies, we can balance the federal budget by 2012 while funding our priorities and making the tax cuts permanent. In early February, I will submit a budget that does exactly that. The bottom line is tax relief and spending restraint are good for the American worker, good for the American taxpayer, and good for the federal budget. Now is not the time to raise taxes on the American people.

Hear, hear!…