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PolitiFact: Rep. Debbie Wasserman Schultz says CBO faults Bush tax cuts for debt crisis

 If you watch TV news, you've probably seen clips of Rep. Debbie Wasserman Schultz's speech from the House floor July 19, 2011, on the Republican "cut, cap and balance" plan to slash the federal debt — it's the one that prompted fellow South Florida Rep. Allen West to call her vile and despicable.

But you may have missed a line about the 2001 and 2003 George W. Bush tax cuts that raised our curiosity.

She said, "The nonpartisan CBO, Congressional Budget Office, has said that the No. 1 policy decision that brought us to the need to prevent the nation from defaulting on our debt for the first time in history were the Bush tax cuts in 2001 and 2003."

Did CBO really say that? PolitiFact took a look.



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