Bush to get lip surgery
1988 1988-12Read it in the scan (PDF at ETOL), page 2 →
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"There is a little nervousness out there," incoming White House Chief of Staff John Sununu recently admitted. That was a bit of an understatement, as the "Nervous Nellies" of the exchange markets sent the dollar skidding to an all-time low.
George Bush tried to reassure the capitalists of the world that he'll drastically cut back the federal budget. Medicare, retirement benefits, environmental protection, mass transportation, and communitydevelopment programs are all candidates for the chopping block.
Nothing is said about cutting defense spending—the major cause of the federal deficit. Reagan wants a 6-percent hike, Bush says "4 percent maybe," and the Democrats are demanding "a freeze." Whoever wins, the military budget will remain at an unprecedented And, now that the election is over, the word "taxes" can be spoken. Speakers before the bipartisan National Economic Commission have recommended a federal sales tax and a boost of the gasoline tax as What about Bush's "read my lips/no new taxes" promise? As economist Ken Rosen told a San Francisco symposium last month, one of the first things George Bush's economic advisers need to do "is starters. level of over $2 trillion per year. to advise him to get lip surgery."—M.S.