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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (694680)	8/1/2005 9:12:19 AM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 769670

What can't last forever won't last forever.

To: Hope Praytochange who wrote (694680)	8/1/2005 9:58:32 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Well said: "...So thanks to Asian central bankers, cash-rich oil states and testy European voters, Bush has escaped the consequences of his profligacy...." Thus far.... "...In the long term, to be sure, Bush has put the federal government on an unsustainable financial glide path, and one day the foreigners will refuse to keep us airborne." True. There is no free lunch. "The comedown may not happen on Bush's presidential watch." Also true... but perhaps unlikely, as the new Medicare costs begin to impact the budget in '06, the one-time corporate foreign tax break is no more, Greenspan leaves in '06... and the dollar is likely to resume it's decline (this time vs. the Asian currencies) round-about then, and it's quite possible that the impact of this these events on long rates will begin to seriously affect the carrying costs of our debts.