Never forget that the massive government budget deficits were intentional. When the Clinton surplus started to shrink, Bush called it “incredibly positive news.”
PRESIDENT ASSERTS SHRUNKEN SURPLUS MAY CURB CONGRESS,
President Bush said today that there was a benefit to the government’s fast-dwindling surplus, declaring that it will create ”a fiscal straitjacket for Congress.” He said that was ”incredibly positive news” because it would halt the growth of the federal government.
And then the Republicans, controlling Congress, started spending like there was no tomorrow. See The Republican Spending Explosion, from the far-right-wing Cato Institute,
Total federal outlays will rise 29 percent between fiscal years 2001 and 2005 according to the president’s fiscal year 2005 budget released in February. Real discretionary spending increases in fiscal years 2002, 2003, and 2004 are three of the five biggest annual increases in the last 40 years.
. . . Congress has failed to contain the administration’s overspending and has added new spending of its own. Republicans have clearly forfeited any claim of being the fiscally responsible party in Washington.
Massive tax cuts for the rich, massive spending increases on “pork” and military. Massive borrowing from China and Japan…
Bush has never vetoed a spending bill – or any other bill, for that matter. And as far as I know he has never fired anyone. No oversight, no accountability, no standards, no restraint.