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Either Way Result is New Government

goshank Wrote: Nov 07, 2012 6:41 PM
Conservatives should read Paul O'Neill's book 'Price of Loyalty,' George W. Bush's first Secretary of the Treasury. From, Page 261 - Inside the Debt Crisis of 2002 (11 pages) In the summer of 2002, below-forecast tax receipts forced the Bush administration to ask Congress to raise the federal government's debt ceiling. Only a year earlier, the government had been in surplus, but tax cuts, war, and a slowing economy had turned the surplus into deficit. O'Neill warned that consequences of failing to raise the debt ceiling "are too serious to contemplate."

Writing an election prediction column to be posted the day after the vote is always dangerous.  On one hand, it could be deadly accurate which would lead readers to wonder, how did he know?  Did he have that much insight? 

He must really be a smart guy, from now on; we’ll hang on his every word, lucky us. 

However, as I write this article, any projection made now could be way off base. 

In that case the readers might think, why should I read this guy?  Hasn’t he been watching...

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