When Deficits Mattered

Bruce Bartlett remembers George H.W. Bush fondly:

Twenty years ago, the last serious Republican effort to reduce the budget deficit took place when George H.W. Bush agreed to negotiate with congressional Democrats on a budget deal. As a consequence, many Republicans disowned his efforts and abandoned him in 1992, leading to his defeat. Today, the idea of cooperating with Democrats on deficit reduction is viewed as a total loser by all Republicans.  Until that perspective changes, the elder Bush will remain the last Republican who took fiscal responsibility seriously.