During the Bush years, the expression "Tax & Spend Liberals" was tossed around with glee when referring to any proposal by liberals to spend money on anything.
But think back to the proposals that Bush supported, like the Iraq War, unfunded Medicare drug plans and many more. Those weren't Tax and Spend, they were funded by Borrow & Spend.
Given the choice, which we weren't, the idea of Borrow & Spend is economically much worse than Tax & Spend and has led us to our current economic crisis.
If a program is supported by tax revenues and later is canceled, the taxes can go away, too. But if the program is supported by borrowing, the effects can last for generations.
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