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Advisor

Historical piece on politics and deficits

http://www.thefiscaltimes.com/Issues/Budget-Impact/2010/06/25/A-Budget-Deal-That-Did-Reduce-the-Defi...

 

SNIP:

 

But in 2002, Republicans abandoned the budget rules put in place in 1990 so that they could cut taxes without constraint. The result was a continuous string of budget deficits throughout the George W. Bush years.