Democrats Cautioned GOP Not to Squander Surplus – As Usual They Said "No"

After eight years, Republicans’ irresponsible spending turned a record surplus into huge deficits and debt, and left our nation with record deficits for years to come. As President Bush took office, Democrats cautioned that we shouldn’t spend the entire surplus left by the Clinton Administration because some should be set aside in case of unanticipated circumstances. Instead, the Republican Congress and Bush Administration ignored those warnings, squandered the surplus, and created record deficits and debt that make confronting the recession far more difficult.