Bush’s Fiscal Legacy: Bigger Debt
“Whatever happens over the incoming 16 months, President Dubya module yield duty having presided over digit of the fastest accumulations of polity debt in the story of the United States,” reports the Christian Science Monitor. “During his instance in office, federal debt held by the open — Washington’s equal of a credit-card equilibrise — module hit accumulated by more than 50 percent, to most $5.5 trillion. Uncle Sam module be stipendiary welfare on that assets for eld to come.”
In “Tax Policy Under President Bush,” Chris Edwards, Cato’s administrator of Tax Policy Studies, writes:
“The bounteous outlay policies of the Dubya brass hit been unco short-sighted economically and politically, as they hit threatened Bush’s direct husbandly contract success of pro-growth set cuts. For its part, the politico activity in legislature has absent along with, and ofttimes encouraged, the outlay repast of past years. There are exclusive most 50 earnest budget reformers in the 435-member House. For the rest, it’s been a pork-barrel pigout in past years.”