George W. Bush (Tax Cut, Fiscal Irresponsibility, War on Terror, Budget Deficit) 06/2002

FACT: According to the Bush Administration's own report, the federal budget deficit for the month of May 2002 was $80.63 billion, the worst monthly deficit ever in the history of the United States. The previous record was from August of 2001, exactly eleven days before the "War on Terror" even started. 

COMMENT: This is clearly the result of the fiscally, grossly irresponsible Bush tax-cut and not the "War on Terror" as the deficits began prior to September 11.

Bush (Incompetence) 

FACT: Although the Clinton Administration was able to overcome the crippling deficits of the Reagan era and produce surpluses for the first time in a generation, Bush Jr. has had no problem hobbling the government's fiscal condition. After the Bush Recession and the Bush Massive Tax Giveaway to the Rich, we now have the Bush Deficit. To be exact: the $127 billion surplus of 2001 has morphed into a $165 billion deficit for 2002. The Washington Post called it "the swiftest plunge in the nation's fiscal health in a half century." The current White House budget director said that the budget would be in deficit for the rest of President Bush's term. 

Bush (Tax Cuts, Fiscal Irresponsibility) 

FACT: Texas legislators are forced to confront a $1 billion shortfall caused by tax cuts under then-governor Bush in 1998. 

Republicans (Social Security, Tax Cut, Fiscal Irresponsibility) 06/2002

FACT: Republicans have stolen $2 trillion out of Social Security surplus via the Tax cut and various other breaks, subsidies and corporate wellfare. 

COMMENT: This comes after the administration vowed throughout the campaign and afterward not to touch the Social Security surplus. To top it off, the people who benefited most from this taxpayer giveaway were none other than the criminals of Enron, Ken Lay and the like received hundreds of millions of dollars. Dozens of other companies that have either avoided taxes over the last few years or laid off thousands of American workers despite high profitability. As you can plainly see, It pays to be a member of the GOP Crony Contributors Club.