PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Sully- who wrote (440311)	8/9/2003 12:05:06 AM
From: RON BL	Read Replies (1) of 769670

"Among the bedrock principles that the Republican Party stood for since its origins in the 1850's," writes Peterson in the New York Times, "is the principle of fiscal stewardship - the idea that government should invest in posterity and safeguard future generations from unsustainable liabilities. It is a priority that has always attracted me to the party. At various times in our history (especially after wars), Republican leaders have honored this principle by advocating and legislating painful budgetary retrenchment, including both spending cuts and tax hikes. "Over the last quarter century, however, the Grand Old Party has abandoned these original convictions. Without ever renouncing stewardship itself - indeed, while talking incessantly about legacies, endowments, family values...and leaving 'no child behind' - the GOP leadership has by degrees come to embrace the very different notion that deficit spending is a sort of fiscal wonder drug. like taking aspirin, you should do it regularly just to stay healthy and do lots of it whenever you're feeling out of sorts."

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