The Fiscally Reckless Mitch Daniels

from Consortium News:



The Fiscally Reckless Mitch Daniels
January 24, 2012

Delivering the GOP rebuttal to President Obama’s State of the Union, Indiana Gov. Mitch Daniels is hailed as a “fiscal conservative,” but his actual record as George W. Bush’s budget director was one of fiscal recklessness, taking America from surpluses to massive deficits, as Robert Parry reports.

By Robert Parry


The Republican Party has tapped Indiana Gov. Mitch Daniels to deliver the response to President Barack Obama’s State of the Union Address – and the hearts of Official Washington are aflutter again over this darling “fiscal conservative.”

A New York Times’ article about the choice of Daniels noted that “the sight of Mr. Daniels on national television is sure to raise wistful ‘if onlys’ in a Republican establishment that had put the governor at the top of its wish list for a White House run.” But that article – like others about Daniels – leaves out a salient fact about his alleged “fiscal conservatism”: as President George W. Bush’s original budget director, Mitch Daniels helped create today’s fiscal mess.

Daniels oversaw the federal budget as it was making its historic reversal 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 Daniels left the Office of Management and Budget 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 deteriorate over the ensuing years, becoming a trillion-dollar-plus annual deficit by the time Bush left the White House in 2009. ................(more)

The complete piece is at: http://consortiumnews.com/2012/01/24/the-fiscally-reckless-mitch-daniels/