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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (25519)	2/1/2008 11:33:49 AM
From: TimF	Read Replies (1) \| Respond to of 71588

Legacy of Deficits Will Constrain Bush's Successor I hope so, but I'm not very confident.

To: DuckTapeSunroof who wrote (25519)	2/1/2008 11:41:12 AM
From: Peter Dierks	Read Replies (2) \| Respond to of 71588

Despite his efforts, Mr. Bush failed to work out a deal with Congress to tackle the spiraling costs of government health and retirement programs. The next president, if he or she serves two terms, could find the U.S. government so deeply in hock that it would face losing its Triple-A credit rating, something that has never happened since Moody's Investors Service began grading U.S. securities in 1917. As a result, the ambitions of Mr. Bush's successor to cut taxes, institute universal health care or aid troubled homeowners might have to give way to the reality of soaring costs for Social Security, the Medicare program for the elderly and the Medicaid program for the poor. "We kicked this can down the road about as long as it can be," Senate Budget Committee Chairman Kent Conrad, a North Dakota Democrat, said at a hearing this week. "It will absolutely bedevil the next administration." President Bush tried and democrats refused to negotiate on anything in good faith. President Bush did capitulate on a few issues to get them done. Bravo President Bush, boo Congress. Hamstrung is a good thing for a person who dreams of socializing the economy. Kicking down the road is what most politicians do.