Generate text that refutes this claim: Bush squandered an extraordinary economic legacy on tax cuts for the wealthy and too expensive and unnecessary wars.  The Clinton legacy was one of extraordinary economic health including an enormous $4,000 billion surplus. This could have been used to improve services and create jobs. Instead the Bush administration squandered this, mostly on tax cuts for the wealthy and two expensive wars. He turned the surplus on its head, leaving a budget deficit of $482 billion in 2009 with, frankly, not a lot to show for it [i] .  [i] Andrew Taylor. “Bush Leaving Next President Record Federal Deficit”. Huffington Post. 28 July 2008.
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The logic behind tax cuts is two-fold. The first is that it isn’t the government’s money, it belongs to the people who worked hard to earn it. The second is that cash in people’s pockets acts as a stimulus to the economy which it doesn’t sitting in the government’s vaults.  In terms of who benefited from the cuts, a single person earning $30,000 a year was paying $4,500 by the end of Bush’s presidency as opposed to $8,400 at the end of Clinton’s.  It’s easy to create a surplus if you simply take people’s money away from them [i] .  [i] “Taxes: Clinton vs Bush”. Snopes.com 22 April 2008.