What's wrong with you? Why aren't you laughing? War and recesion are funny!

(Please note: There was no reporter in Chicago, and there is no record of Bush ever making this deficit disclaimer. See the Washington Post 6/24)

"Trifecta" excerpts from the official White House web site:

"You know, I was campaigning in Chicago and somebody asked me, is there ever any time where the budget might have to go into deficit? I said only if we were at war or had a national emergency or were in recession. (Laughter.) Little did I realize we'd get the trifecta. (Laughter.)" -- 2/27/02 -- Charlotte Convention Center, Charlotte, North Carolina

"You know, I remember campaigning in Chicago and somebody said, would you ever spend a deficit? And I said, only if we're at war or we had a recession or there was a national emergency. Little did I realize we'd get the trifecta. (Laughter.)" -- 3/1/02 -- The Marriott Hotel, Des Moines, Iowa

"I'll never forget one time in Chicago when a reporter said, would you ever deficit spend? And I said, well, only -- only if we were at war, only if there were a national emergency, or only if there is a recession. Never did I believe we'd get the trifecta. (Laughter.)" -- 3/27/02 -- Grand Hyatt Hotel, Atlanta, Georgia

"I was campaigning in Chicago one time and a fellow said, would you ever allow for deficit spending, would that ever enter your vocabulary? I said, well, under certain circumstances: only if we're at war or there was a national emergency or there was a recession. Little did I realize we'd draw the trifecta. (Laughter.)" -- 3/27/02 -- The Palmetto Expo Center, Greenville, South Carolina

"You know, when I was campaigning in Chicago, in the general election, somebody said, would you ever deficit spend? I said, well, only if we were at war, or there was a national emergency, or we were in a recession. Little did I realize we'd get the trifecta. (Laughter.)" -- 3/29/02 -- Hyatt Regency Hotel, Dallas, Texas

"I remember campaigning in Chicago one time, and the guy said, would you ever deficit spend? I said, well, only if we were at war, or the country was in recession, or there was a national emergency. (Laughter.) I didn't realize we were going to get the trifecta. (Laughter.)" -- 4/3/02 -- Four Seasons Hotel, Philadelphia, Pennsylvania

"The recession -- no question, I remember when I was campaigning, I said, would you ever deficit spend? And I said, yes, only if there were a time of war, or recession, or a national emergency. Never thought we'd get -- (laughter and applause.) And so we have a temporary deficit in our budget, because we are at war, we're recovering, our economy is recovering, and we've had a national emergency. Never did I dream we'd have the trifecta. (Laughter.)" -- 4/16/02 -- Meeting of the Leaders of the Fiscal Responsibility Coalition, Dwight D. Eisenhower Executive Office Building

"You know, when I was campaigning in Chicago one time, they said, would you ever have a deficit? I said, I hope not. I said, I think it's important for us to make -- to work hard to have a balanced budget. But I said, yes, I'd have a deficit if I were the President only if we were at war, or in a recession, or in times of emergency. I didn't think I was going to draw the trifecta. (Laughter.)" -- 4/29/02 -- Crowne Plaza Pyramid Hotel, Albuquerque, New Mexico

"You know, when I was running for President, in Chicago, somebody said, would you ever have deficit spending? I said, only if we were at war, or only if we had a recession, or only if we had a national emergency. Never did I dream we'd get the trifecta. (Laughter.)" -- 5/10/02 -- Hyatt Regency Hotel, Columbus, Ohio

"I remember -- I remember campaigning in Chicago, and one of the reporters said, would you ever deficit spend? I said only -- only in times of war, in times of economic insecurity as a result of a recession, or in times of national emergency. Never did I dream we'd have a trifecta. (Laughter.)" -- 6/7/02 -- 14th Annual World Pork Expo, Iowa State Fairgrounds, Des Moines, Iowa

"You know, we -- these are extraordinary times. I remember campaigning and somebody said, would you ever deficit spend? I said, only if there was a war, or a recession, or a national emergency. (Laughter.) I didn't think we were going to get the trifecta. (Laughter.)" -- 6/13/02 -- Dwight David Eisenhower Executive Office Building

"You know, when I was one time campaigning in Chicago, a reporter said, would you ever have a deficit? And I said, I can't imagine it, but there would be one if we had a war, or a national emergency, or a recession. (Laughter.) Never did I dream we'd get the trifecta. (Laughter.)" -- 6/14/02 -- Hyatt Regency Hotel, Houston, Texas


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