Bush Takes Out Loan for More Political Capital
Special to the Washington
Tuesday, September 20, 2005; 10:44 pm
Now, some 10 months later, that capital is gone. A recent examination of the White House political ledgers found the Administration in debt up to its eyeballs, with nervous Congressional Republicans demanding repayment before the 2006 midterm elections.
That’s not how it was just a few short months ago. Flush with an electoral “mandate,” the Bush White House repealed the inheritance tax and created new bankruptcy rules that made it harder for average citizens to escape debt, while permitting the Republican-controlled Congress to rack up some of the largest deficits in the nation’s history.
The White House’s profligate political spending hit its peak during the president’s 60-city tour promoting his now moribund Social Security Plan. Insiders report lavish hotel rooms overflowing with Beluga caviar and
Meanwhile, the Bush administration’s political trust fund was rapidly being eroded by the ongoing war in
Recent efforts to restore the president’s image by revisiting the storm-ravaged
“We didn’t get much, but every little bit helps,” noted the official. “With two Supreme Court vacancies and some indictments likely to come out of the Rove-Plame investigation, he’s going to need everything he can get.”