GW said as much during the tax cut debate. He said he wanted to "get the money out of Washington". Absolutely right. If the cash is there the dims will spend it.
As a contrast, at the same time as the tax cut debate was going on in Washington, the very small minority of Republicans in California were making a similar argument. The state was reaping a huge tax windfall, largely due to capital gains taxes from profit takers in stock trading. The democrats didn't give one cent back to the taxpayers. Instead they went on a three year spending binge the likes of which has never been seen in the state. Spending increased by 12% per year, to an incredible 36% in three years! To make matters worse, they based future budgets on this level of cash flow. Now that the market has tanked, the state has a structural deficit of $24B -- $50B+ if defered spending is included. The dims turned a $15B surplus into a $50B deficit in only three years.
The lesson is clear: GW was RIGHT. Get the money out of government, or you are doomed. The socialists will spend it all, and then some. You will see you tax rates skyrocket, deficits grow, debt grow, government grow, and the quality of life decline.