On the recordJune 14, 2010
I think it's important to take a look on a bar graph as to what we're looking at here. I know that President Bush--and as a Republican, I heard this frequently--he was criticized for spending too much money. And I voted against some of those things and think, yeah, we did spend too much money because we had a deficit. But on the other hand, he argued that we had a couple of wars and a bad economy kicking things off. As you can see, the amount of deficit during the George Bush years here was coming down because of the things that they did by reducing taxes. They had the right formula for getting us going in the right direction. Here was President Bush's worst spending year, his very far worst when Speaker Pelosi was in charge of Congress, so he wasn't getting any help from the Republicans in the House at that point. This was Bush's worst spending year. And then you come to the first year of President Obama, and he triples the deficit. From about $450 or so billion of deficit, we go to $1.4 trillion of deficit right off the bat in the first year.
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