Current GOP fiscal policy?

Pondering: Continually cut taxes since 2001, start expensive war (both economic and social costs), massive outlays for homeland security (and just about everything else), excessive corruption pork, natural disasters on top of that (which couldn't be helped, ofcourse), massive subsidies to big business and the list just goes on. These policies have both short term and long term consequences. When the democrats regain the executive and legislative majority, the present GOP has created quite an economic challenge for them. It will provide plenty of ammo for the big guns wanting to attack in-power Dems.

Also, the market is approaching record highs, possibly because of dividends and capital gains tax breaks maybe... other positive legislation for the wealthy; less taxes = invest more. Trickle-up economics anyone?