I think that "America" is the one spending like socialists. I think Bush judged that it was inevitable that we would elect representative that would promise and spend us to the brink of insolvency. Bush judged that saying no to every opposition program was not the hill he was going to die on.
It’s impossible to increase the fiscal size of government long term without raising taxes. Bush lowered them 3 times and shows no sign of weakening.
It’s freak’n revolutionary. Brilliant! I can't believe that more can't see it!
Deficit spending is a de facto tax increase. The borrowed money will have to be paid back through later taxation - with interest.
The tax cuts will just be reversed and then some once the deficit gets sufficiently high. The tax cuts will get the blame for the deficit - rather than the spending - and the public will be soured on tax cuts for a generation.
It’s impossible to increase the fiscal size of government long term without raising taxes.