It was largely to save the country from going into a Depression after a Bush-era binge that included two wars — which, for the first time in our history, we not only did not pay for with tax increases but instead accompanied with tax cuts — plus a 2003 Medicare prescription drug bill that we could not afford, then or now.
Congressional Democrats also had a hand in this, but the idea that Bush gets to skate off into history as a “tax-cutter” and not as a “deficit buster” is a travesty.
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