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BUDGET DEFICIT TRIFECTA
As the budget deficit emerged; Bush assured us that the deficits would be “small and temporary”.
He also stated “I remember campaigning in Chicago and one of the reporters said, ‘Would you ever deficit spend?’ I said, ‘Only – only – in times of war, in times of economy insecurity as a result of a recession or in times of national emergency.’ Never did I dream we’d have a trifecta.’” The White House repeated this trifecta claim throughout 2002.
Bush never made such a statement in Chicago nor anywhere else during the 2000 campaign. In fact, these three caveats on deficits were stated on several occasions by Vice President Gore. Bush’s attempt to pin the deficit on the war also is a misstatement, since the cost of the Bush tax cuts is three times the cost of the response to 9-11 and the wars in Afghanistan and Iraq.
Source: New Republic 07.01.02
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