The effect of President George H.W. Bush’s “no new taxes” betrayal has had the following effects, IMHO, of course:
* The beginning of the end of Conservative and Independent support of the Republican Party Congressional and National Leadership;
* The beginning of the end of rational thought by politicians in “both” political parties to restrict Federal spending and borrowing to fund the growth of the now dominant Federal Welfare State.
* The beginning of the end of trust of anything that a Republican Politician promises; and
* The beginning of the current cowardly, cave-in, Doormat to Democrats, Republican “Leadership” philosophy.
We read your lips George, and we now know that we were hearing the lie that continues to this day.
Thanks for your service to America in World War Two, President George H. W. Bush, but your lie about keeping a no new tax promise was your worst hour as President.
George Bush killed the Reagan Revolution.