Bush Defends Tax Cuts, Fiscal Legacy
by PubliusA fascinating interview with the former President in the Wall Street Journal:
One perception the president is determined to shift is that of his spending record. “Decision Points” contains one graphic: a table comparing, among other things, President Bush’s average spending-to-GDP (19.6%) to that of Bill Clinton (19.8%), Bush 41 (21.9%), and Reagan (22.4%). It also shows that his deficit-to-GDP was 2%—half that of Bush 41 and Reagan.
I come armed with a slew of spending questions. Why didn’t he veto more GOP spending bills? Why he didn’t use the war as a reason to cut back on domestic spending? But he shuts me down by referring to the chart. I point out that, chart or no, there is a perception he oversaw fiscal profligacy.
“Yes, there is,” he concedes. “I think the Medicare reform caused certain conservative writers to say ‘Bush has been fiscally irresponsible.’ And they did not look at the facts. And the facts are that we have a very solid fiscal record”—despite spending “a lot of money” on war, homeland security, and Hurricane Katrina.







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