Democrats have had a real fondness for hammering Bush on the deficit. It’s getting harder, especially since the Obama administration will have added 4.5 TRILLION to it by the end of FY2011. However, Bush actively tried to trim back expectations of what a government can do and to present realistic arguments on the future of Social Security in particular. I have been looking for this particular piece of video for a bit. Notice the reaction of the Democrats to his chastising them for their defeat of his proposed Social Security reforms. Yet today, his words ring true as the “trust fund” is in deficit and all Social Security spending is via direct tax collection and borrowing, a mere 5-years into the baby boom bubble.
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