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

To: DuckTapeSunroof who wrote (746725)	8/1/2006 11:45:49 AM
From: pompsander	Read Replies (3) \| Respond to of 769670

Look....an honest to God fiscal conservative...as Treasury Secretary....Maybe Paulson is the real deal. Not like those congressional Republicans who claim to be conservatives but can't stop spending..If the economy slows, we are in deep trouble unless spending is curbed NOW. Can we really get spending discipline, even on Medicare? ____________________________________________ Paulson warns on spending 8 minutes ago NEW YORK (Reuters) - U.S. Treasury Secretary Henry Paulson on Tuesday identified rising costs for financing long-term health and retirement systems as the key challenge to economic prosperity, and renewed statements backing a strong U.S. dollar. The former Goldman Sachs leader, in his first major public address since taking the reins at Treasury, laid out many of the same positions as predecessor John Snow, including on currencies. "I believe that a strong dollar is in our nation's interest and that currency values should be determined in open and competitive markets in response to underlying economic fundamentals," Paulson told a Columbia University audience, renewing a statement he made earlier in an interview on CNBC television. He said the U.S. economy was strong, but was in transition to a slower and more sustainable pace of expansion after growing for several years at a rate to swift to continue. "It would appear that what we are seeing is the economy transitioning to a more sustainable rate of growth, similar to the pattern we saw in the mid-1990s," he said