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Politics : Don't Blame Me, I Voted For Kerry

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To: ChinuSFO who started this subject8/16/2004 9:01:51 AM
From: cirrusRead Replies (1) of 81568
 
Reflect on this:

In four short years a Republican administration and Congress have taken the ten-year budget outlook from plus $5 trillion to minus $5 trillion, thereby extinguishing the party's already fading reputation for fiscal stewardship. GOP leaders have pushed every deficit button they can reach—lower taxes, higher defense spending, higher benefits (including the new Medicare prescription-drug benefit), and higher discretionary spending (both war-related and not). By voiding the congressional pay-as-you-go rule, they opened the floodgates to both permanent tax cuts and permanent benefit expansions. According to the conservative Cato Institute, they have presided over a "spending explosion."

fortune.com
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