During the presidency of George H. W. Bush, which of the following events did NOT play a role in the ballooning federal deficit?
A) President Bush's refusal to raise any taxes
B) the cost of the Persian Gulf War
C) the savings and loan bailout
D) the refusal to reduce spending on popular entitlement programs

Question

Quizplus · Accepted Answer

President George H. W. Bush famously reversed his stance on taxes with the phrase "Read my lips: no new taxes" during his campaign, but later agreed to a budget that included tax increases to address the federal deficit, contradicting the claim in option A.

During the Presidency of George H