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What was the wisdom of eliminating a surplus projected by the Congressional Budget Office (CBO) to eliminate the then existing debt in ten years (2001)?

The CBO projected a surplus of 5.6T over 10 years in 2001. The Bush tax cuts were estimated by the CBO to reduce that surplus by just 1.3T. Obviously the CBO, as usual, was way off. Added to that, we had a ton of war spending.

• Issues with the so called entitlement programs (Social Security and Medicare) were well known at the beginning of the Bush administration in 2001. Why were they not addressed then?

Are you kidding? He tried, dems blocked him. It was part of his SOTU.

I don't know why you folks keep trying to make Obama smell better by saying he stinks less than Bush. So-called budget hawks would be the first ones to express their displeasure with Bush's spending.
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