Revisiting the cost of the Bush tax cuts - The Fact Checker. ((Andrew Harrer/Bloomberg)) “After Democrats and Republicans committed to fiscal discipline during the 1990s, we lost our way in the decade that followed.
We increased spending dramatically for two wars and an expensive prescription drug program — but we didn’t pay for any of this new spending. Instead, we made the problem worse with trillions of dollars in unpaid-for tax cuts — tax cuts that went to every millionaire and billionaire in the country.” Media Matters for America. Sorting out the truth in politics. The Maddow Blog. Smart, Fearless Journalism. Katrina Vanden Heuvel.