Bush actually says something worthwhile of a standing ovation, so the Democrats give hime one. And Crooks and Liars has the video!
The relevant section:
By 2030, spending for Social Security, Medicare, and Medicaid alone will be almost 60 percent of the entire Federal budget. And that will present future Congresses with impossible choices – staggering tax increases, immense deficits, or deep cuts in every category of spending.
Congress did not act last year on my proposal to save Social Security,.. [cue standing ovation by the Dems]
Brilliance, pure brilliance.