Waldo Jaquith does a bangup job of examining the gap between the fantasy line that the Bush Administration has been feeding the public for the last eight years, and the reality that’s going to smack the next administration:

There’s bad news on the economic front: Bush’s budget deficit will hit the half-billion dollar mark next year, which is precisely the opposite of what President Bush has been promising since he first sought the office.

Let’s take a look back at each year’s budget news since 2000, the year before President Bush took office.

Give it a look.