Borrow and Spend

For years the Republicans have been generalizing Democrats as "Tax and Spend".

After 8 years of Bush, what cloth have the Republicans cut for themselves?

Borrow and Spend Republicans: Bush doubled the federal deficit from $5 trillion when he took office to $10 trillion today.  He is overseeing a $500 billion annual deficit, over 25% of which is the war in Iraq.  Sure he gave us (especially the wealthiest of us) massive tax cuts.  But that didn't stop his spending spree; he just maxed out the federal credit card instead.

Deregulate and Forget Republicans: taking all government oversight out of the system is a bad idea.  Without laws and penalties for fraudulent behavior and gross abuse systems fall apart.  Basically overly optimistic deregulation allows for chaos to ensue, a blind eye is turned as the bandits come out of the woodwork, and then massive triage is required to repair the damage in the form of huge bailouts.