Issue Position: Fiscal Responsibility
When he took office in 2001, President Bush inherited the largest budget surplus in the country's history - expected to continue growing for the next ten years. In a dramatic five-year turnaround, the administration has managed to squander the entire surplus and drive the country into some of the deepest deficits in history. Generous corporate handouts and large tax cuts for the wealthiest Americans have placed a massive burden on future generations. Sanity must be restored to the budget process. As was evident in the 1990s, sound fiscal discipline is central to strong economic growth. The country can be fiscally responsible, and at the same time uphold its values and priorities to help those individuals most in need. President Bush's policies do neither - instead providing huge tax cuts for the rich and cutting important programs that benefit average Americans. We must restore fiscal responsibility by bringing down the deficit, paying off the national debt, and reviving the nation's commitment to helping its neediest citizens.