Bush: Going for Broke: "The striking thing about the "visionary" proposals floated in advance of the State of the Union is their transparent cynicism and lack of realism. Mr. Bush has, of course, literally promised us the Moon — and Mars, too. And the ever-deferential media have managed to keep a straight face.
But that's just the most dramatic example of an array of policy proposals that don't withstand even minimal scrutiny. Mr. Bush has already pushed through an expensive new Medicare benefit — without any visible source of financing. Reports say that tonight he'll propose additional, and even more expensive, new initiatives, like partial Social Security privatization — which all by itself would require at least $1 trillion in extra funds over the next decade. Where is all this money going to come from?

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- posted by geoff @ #