Mitch Daniels: Architect Of The Bush-Era Debt Crisis
In other words, the “fiscal conservative” Daniels oversaw the federal budget as it was making its precipitous dive from a $236 billion surplus – then on a trajectory to eliminate the entire federal debt in a decade – to a $400 billion deficit by the time he left in June 2003.
Plus, because of proposals developed on Daniels’s watch – such as tax cuts favoring the rich and unpaid-for projects, including the invasion of Iraq and a new prescription drug plan – the fiscal situation of the federal government continued to sink over the ensuing years, plunging to a trillion-dollar-plus annual deficit by the time Bush left office in 2009.
This is the next Republican savior-in-waiting?
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