Sex, Lies and Bush on Tape
February 4, 2004
By NICHOLAS D. KRISTOF
Using this week's White House budget methodology, I can
project that if you just keep reading this column, your
assets will increase by $28,581 and you will lose 12.42
pounds. And this column is projected to end after just one
paragraph.
Well, so much for White House projections.
If we're serious about confronting threats to our way of
life, we don't have to hunt them in the caves of eastern
Afghanistan. We can find a serious threat in the West Wing
of the White House as the Bush administration charts its
fiscal policy.
President Bush's budget policies have mortgaged America,
yet instead of repairing the damage, he is intensifying the
harm by trying to make his tax cuts permanent. And this
week he presented a budget that is so dazzlingly deceitful
it does not even attempt to include the bills for our
presence in Iraq.
Conservatives have traditionally been the conscience of
America's checkbook (and, to their credit, many now are
screaming). If Mr. Bush were a genuine conservative, he
might cut taxes, but he would cut spending to match. If he
were an honest liberal, he might increase spending, and
taxes as well. Instead, the president is inviting us out
for a wild night on the town and leaving us - and our
children - with the bill.
I'm sorry if I sound screechy. But my first beat at this
newspaper, in 1984, was covering the Latin American debt
crisis. Later I lived in Japan as its economy went from a
global juggernaut to a global laughingstock. After you've
seen how quickly national leaders can bungle national
economies, and how difficult it is to put Humpty Dumpty
together again, you have less patience for high-risk
intellectual dishonesty like Mr. Bush's fiscal policy.
Dishonesty is a strong word. But the new book about former
Treasury Secretary Paul O'Neill discloses that Mr. Bush's
2001 speech to a joint session of Congress about his budget
contained a falsehood - about paying off all possible
American debt - even after Mr. O'Neill pointed it out.
"That night, Bush stood before the nation . . .," recounts
the book, "The Price of Loyalty," "and said something that
knowledgeable people in the U.S. government knew to be
false." I've excerpted that speech at
www.nytimes.com/kristofresponds (look for Posting No. 266),
and it makes painful reading.
In the 2000 campaign, I covered Mr. Bush a bit, so this
week I dug out tapes of his speeches. On those tapes, he
claims that he will leave the great bulk of the surplus
intact: "My plan is to take a portion of the projected
surplus, a little over $1 trillion of the $4 trillion
surplus, and give it to the people who pay the bills."
The reality is that under Mr. Bush, surpluses have
completely vanished. Granted, he had help from a bad
economy. But spending has increased more rapidly than under
any president since Lyndon Johnson, and Mr. Bush refuses to
pay for it. I've seen that story before - in Argentina.
Now the I.M.F. has warned that the U.S. budget and trade
deficits are a threat to the global economy.
A new study from the Brookings Institution, "Restoring
Fiscal Sanity," estimates that by 2014 the average family's
income will be $1,800 lower because of slower economic
growth caused by these budget deficits. A family with a
30-year $250,000 mortgage will be paying $2,000 more per
year in interest costs alone.
All in all, as I look at the economy, I miss President Bill
Clinton.
Mr. Clinton had egregious personal failings, and I deplored
what I felt was his dishonesty. But as a steward of the
economy, he combined fiscal conservatism with a willingness
to stand against protectionism. No leader today, Democrat
or Republican, is so forthright about the economy, and it's
sad to see Democrats retreating from free trade.
Compared with Mr. Bush, John Kerry and most other
Democratic presidential candidates are paragons of
responsibility - but only compared with Mr. Bush. The
reality is that promises by Democrats like Mr. Kerry to
start new health care programs, keep some of the tax cuts
and restore black ink are nonsense. But it's less nonsense
to say 2 + 2 = 5 (Mr. Kerry) than to say 2 + 2 = 22 (Mr.
Bush).
Mr. Clinton lied about sex, and he was sleazy in other
respects as well, but he was willing to tell America the
unpleasant truth about trade and about budgets. I wish Mr.
Bush and his Democratic challengers would be half as honest
with the American public as Mr. Clinton was.
http://www.nytimes.com/2004/02/04/opinion/04KRIS.html?ex=1076901119&ei=1&en=01b64e6f3bd61ca9