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?
Reporting from the Hoosier state, I can say he hasn’t done better for us than he did for the rest of the country. Unless you’re a rich guy who hates poor people and doesn’t understand that redistribution of wealth happens no matter what. Then he’s definitely your man Mitch.