President george h. w. bush realized that in order to pay the government's debt, he had to a)increase taxes. b)win the war with iraq. c)create new savings and loan banks. d)make the government more like a business.

Explanation:

At the Republican National Convention in 1988, in his acceptance speech as the party's nominee for president, George H.W. Bush had said, "Read my lips: no new taxes."

Once Bush was in office, however, he was forced to come to a compromise with Congress on how to deal with the deficit in the national budget.  The 1990 budget agreement worked out between the President and Congress did increase some taxes.

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