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The 1930s brought budget deficits because of the Depression and the efforts to stimulate recovery.
"He could have brought budget discipline to Washington, D.C.," Bush said.
The Reagan years have brought budget cuts to social programs and a turn in attitude as well.
After a year that brought budget cuts, booming class sizes, radical hiring changes and governors who curtailed collective-bargaining rights, teachers' job satisfaction is at a two-decade low, according to a new survey released Wednesday.
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Every time I brought budgets to the Floor the last couple of years, we've been dealing with those programs, we've been talking about reforming those programs.
Far less clear is whether the merged region will bring budget savings.
To stimulate sluggish Western economies, he said, policy makers must make the tough fiscal choices needed to bring budget deficits into line, increasing business confidence.
These changes are expected to bring budget savings of around $28 million over the next two years, largely by a quicker shrinking of the rolls.
"For example, we can all understand that scaling back FamilyCare could bring budget savings in the here and now, but that might well come at a steep cost in the not-too-distant future in children's lives," he said.
But these cuts are unavoidable if it is to meet the EU's target of bringing budget deficits below 3% of GDP.
The public sector has become the main target of all the austerity measures which are aimed at bringing budget deficits back into line following the rescue packages given to banks threatened with bankruptcy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com