THOSE BUMS ARE CORRECT

Billions for Wall Street bailout will handcuff next president, analysts say

Source: By David Lightman • McClatchy Newspapers • September 20, 2008

WASHINGTON — The next president will take office in January with little hope of getting his pet programs enacted quickly, if at all, because of already-massive budget deficits likely to balloon even further from the hundreds of billions expected to be used to bail out Wall Street.
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“The next president is just not going to have the money to meet his promises,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a nonpartisan budget-research group.

Democratic nominee Barack Obama and Republican rival John McCain have big plans that would add substantially to the deficit