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The GOP has built a following among tea lovers by advocating cuts in government spending in order to reduce budget deficits. We all know, however, that they had less concern about deficits when Saint Reagan and George Bush were running up huge deficits. This article provides a glimpse back to 2003 when a leading GOP politician explained why he had changed his mind about the evil of deficits. More generally, anyone who believes that a GOP administration would suddenly become fiscally responsible does not remember the huge budget deficits that characterized the Reagan and Bush administrations. The only way to pay for tax cuts without cutting spending is by borrowing. That was the policy is both administrations.
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