From: Travis Subject: Caglepost: The Ghost Of New Year's To Come Date: Friday, December 26, 2008,
[image: THE CAGLE POST] <http://caglepost.com/> Would you like to reprint our cartoons on your site or in your publication? It's easy! Visit us here <http://politicalcartoons.com/>. * <http://caglepost.com/ticker.aspx>* Cartoon by Patrick Corrigan<http://cagle.com/politicalcartoons/PCcartoons/corrigan.asp> Comment on the cartoon<http://caglepost.com/cartoon.aspx?id=2C78F0EE-9353-402B-BE95-CA2E28D510F7> We have a great collection of cartoons called "Bush's Legacy" LOOK!<http://cagle.com/news/BushLegacy08> *President Bush And The Ghost of New Year's Yet To Come*<http://www.caglepost.com/column/Terrence+Jeffrey/18320/President+Bush+And+The+Ghost+Of+New+Years+Yet+To+Come.html> by Terrence Jeffrey <http://www.caglepost.com/c/36/Terrence+Jeffrey.html> - Comment on the column<http://www.caglepost.com/column/Terrence+Jeffrey/18320/President+Bush+And+The+Ghost+Of+New+Years+Yet+To+Come.html> The Ghost of New Years Yet to Come wakes you from a fretful sleep and brings you to a cold December day in the not-too-distant future. The long-lived baby boom generation is now in full retirement. A deep recession has set in. Fiscal crisis looms. Tax revenues are dwindling. With the national debt having climbed to remarkable heights, creditors are wary of loaning new money to a U.S. government struggling just to meet the Social Security and Medicare obligations promised to retired workers. America's balance sheet looks then like General Motors' does today: too much debt, too many promised benefits. A lame-duck president decides he will not allow Social Security and Medicare to default on his watch. He will pass the problem to his successor. To do this, he desperately needs cash for a temporary bailout of the entitlement system. He proposes that Congress immediately increase income-tax rates by 7 percentage points for all income brackets. The House, dominated by liberals and moderates, readily assents. The bill goes to the Senate, where a small bloc of conservatives survives in the minority. Some Senate liberals argue that tax rates should be raised higher than the president has requested - but only on the rich. The conservatives object to any tax increase at all, arguing it will deepen the recession and actually diminish federal ... *READ MORE<http://www.caglepost.com/column/Terrence+Jeffrey/18320/President+Bush+And+The+Ghost+Of+New+Years+Yet+To+Come.html> * *OUR NEW BOOK IS OUT! * <http://caglebook.com/> Follow Daryl each day on Twitter at: twitter.com/dcagle<http://twitter.com/dcagle> [image: Visit the newest cartoons by all of our cartoonists!]<http://caglepost.com/ticker.aspx> ------------------------------ *TO UNSUBSCRIBE (Do Not Reply): email [email protected] or CLICK HERE<http://list.caglepost.com/unsubscribe.aspx> . Copyright Cagle Cartoons Inc, Columns and cartoons copyright the respective cartoonists and columnists. All Rights Reserved.* -- *~@):~{> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
