Answer:
Explanation:
In domestic affairs, Bush faced an outsized federal deficit that had grown threefold since 1980. Despite insisting he was pledged to not raise taxes.
Bush agreed to a budget with the Democratic-controlled Congress that raised taxes and cut spending.
What did George W Bush do for the economy?
Bush administration was characterized by significant tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for 2 wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008.
Thus, the U.S. had a balanced budget that describes the economic conditions when president Bush took office.
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