To put this more clearly and accurately, Bush cut a "deal" with the Democrat Congress in 1991 to raise taxes in exchange for cuts in spending. They simply double-crossed him -- they raised taxes (their favortie thing) but didn't come close to cutting any spending. And laughed at him for making the deal ("Hey! Don't blubber! You f*cked up!! You trusted us!" -- Otter to Flounder, after their "road trip").
How did this lame-brain ever get to be a political commentator anyway?