In his press conference today, President Bush demonstrated that, in addition to being in a state of denial on the war in Iraq, he is also in denial over our nation's historic fiscal downturn. President Bush and Congressional Republicans have squandered the $5.6 billion budget surplus they inherited and transformed it into a $4 billion deficit. America deeply needs a new economic direction, one that Congressional Democrats are ready to provide. Democrats will restore fiscal discipline by re-implementing pay-as-you-go budget rules. Restoring the pay-go rules is the common-sense approach to getting our country back on the right fiscal track.