Bush Claims to Have Implemented "Spending Restraints"
As I've detailed before (see here and here)this is a completely absurd claim.
An increasing number at traditionally loyal Republican institutions aren't fooled however, with Veronique de Rugy, even going so far as to say that "Congressional Republicans Make French Socialists Look Like Ronald Reagan". And as you know, to many American conservatives, being called French is the worst possible insult.
Here is a funny picture on the subject of Republican deficit spending (Thanks Greg Ransom for the link).