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Taxes never should have been cut under Bush in the first place.
Clinton left Bush with a balanced budget and enough tax revenues to pay down the national debt in about 10 years. Bush and his "fiscal conservative" Republican cohorts blew the balanced budget and killed the government's tax revenues with his tax breaks.
Had Al Gore been awarded the presidency by the Supreme Court, the national debt would be "very manageable" at the worst. We wouldn't be stuck in these expensive wars that we can't win, either.
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