During the campaign, when John Kerry criticized Bush for the gargantuan deficits he has overseen and talked about the need for fiscal responsibility, Bush accepted no blame and attacked Kerry viciously. Here's a clip from the third debate.
BOB SCHIEFFER: My question is, how can you or any president, whoever is elected next time, keep that pledge without running this country deeper into debt and passing on more of the bills that we're running up to our children?
BUSH: Well, his rhetoric doesn't match his record. He's been a senator for 20 years. He voted to increase taxes 98 times. When they tried to reduce taxes, he voted against that 127 times. He talks about being a fiscal conservative, or fiscally sound, but he voted over -- he voted 277 times to waive the budget caps, which would have
cost the taxpayers $4. 2 trillion.
Those numbers were obviously cooked, and several truth-testing outfits whacked Bush for the way he deployed these stats. But that's not the point here. Fast forward--not that much--to this week. The Republican-led Senate and the Republican-led House both voted to bust the ceiling on the federal debt. With those conservatives in charge, Congress raised the federal debt limit by $800 billion to a whopping $8.18 trillion. And Bush praised the action. The White House released a statement that said:
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