Either our friends on the other side of the aisle have a bad case of amnesia, or their selective memory is such that they need to check themselves into the House physician's office. The Democratic majority likes to claim that when President Bush came into office, we had a budget surplus, which we did. But because of those evil tax cuts, which let the record also show that many of our Democratic colleagues actually voted for, and some even still profess to support, that because of these dastardly tax cuts, all of the problems we are facing now are because of George Bush and the Republican Congress. Our Democratic colleagues either have forgotten or they fail to acknowledge the fact that when President Bush came into office in January of 2001, he was walking into a recession left courtesy of the outgoing Clinton administration. A few months later, the dot-com bust and the corporate scandal made matters worse. And then remember September 11, 2001, and the ensuing costs associated with responding to the worst terrorist attack in American history and the additional costs associated with fighting the global war on terror.
Editor's note · Context
Addressing budget issues and tax cuts during a debate on economic policy.
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