If you’re looking for enlightenment from Bush or Kerry on how best to shape the economy over the next four years, look again. Neither presents a viable strategy for the deficit or the entitlement programmes, social security, medicare and Medicaid.
The Bush policy on deficits was summed up by vice president Dick Cheney. “Reagan proved deficits don’t matter,” he said after the Republicans won the mid-terms, says The Price of Loyalty, Ron Suskind’s account of Paul O’Neill’s years as treasury secretary.
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