Bush Management Threatens To Veto Democratic Budget If It Doesn't Address The Unsustainable Increment Inward Entitlement Spending--What Chutzpah!!

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Title : Bush Management Threatens To Veto Democratic Budget If It Doesn't Address The Unsustainable Increment Inward Entitlement Spending--What Chutzpah!!
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Bush Management Threatens To Veto Democratic Budget If It Doesn't Address The Unsustainable Increment Inward Entitlement Spending--What Chutzpah!!

President Bush spent considerable political uppercase passing the Part D Medicare drug benefit. That create goodness solitary increased the long-term Medicare unfunded liability past times $8 trillion over the side past times side 75 years. All of Medicare straightaway has a $32 trillion unfunded liability.

The President used substantial political uppercase only afterwards his reelection trying to alter the Social Security organization because he made the betoken it is unsustainable inwards its introduce structure. Social Security has a $4 trillion long-term unfunded liability--half what President Bush only added amongst the Part D program.

Now he is telling the Democratic Congress he is going to veto their budget if they don't demonstrate to a greater extent than or less restraint as well as larn the entitlement programs--like Medicare--under control!

His Budget Director inwards a May eleven missive of the alphabet to Congressional leaders: "I volition recommend the president veto whatsoever appropriations neb that that exceeds his asking until Congress demonstrates a sustainable path that keeps discretionary spending inside the president's tiptop delineate of piece of employment of $933 billion."

First, I can't grip to a greater extent than that nosotros require to larn entitlement programs nether control--and nosotros require to create it amongst existent reform of the entire wellness attention system.

But for this President to straightaway act similar he's a symbol of budget dependent when he as well as his Republican Congress spent the concluding 6 years spending similar "drunken sailors" (the federal debt increased past times $3 trillion during this period) is the ultimate inwards chutzpah.

Earlier post: Part D Was “Financially Irresponsible”—The Medicare Part D Drug Plan Liability is Twice That of the Social Security System!


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