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Post-Times-Sun-Dispatch

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Tuesday, July 17, 2007

BUSH DEFICIT SPENDING NOW INCLUDES POLITICAL CAPITAL
By R J Shulman
WASHINGTON – The spending during the Bush administration that turned a record surplus into a record deficit has spread to include the President’s political capital. “Every President who gets elected,” said Samuel Worthington, a DC political analyst, “comes to office with a certain amount of political capital they can use to “buy” passage of their agenda. With the massive failures of the Iraqi war, the botched attempt to eliminate social security, the scandals with the Valerie Plame outing and commuting of Scooter Libby’s sentence, not to mention the Attorney General firings, the trashing of Constitutional rights and the loss of American good will around the world, the President has long since spent any political capital he may have had.”

“He has over spent so much political capital,” said Florence De Long, of the General Accounting Office, “that it will take at least three future Presidents to straighten out the mess, and only if they were Washington, Jefferson and Lincoln coming back to save us.” The political capital deficit problem has become so acute that political insiders speculate that the government may have to grind to a halt and the United States assets be sold at auction to China, Japan or Saudi Arabia.

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