John Kerry-John McCain

Notebook
March 25, 2002

BAD DEBT: Amazing how times change. Just six years ago House Republicans threatened to impeach Clinton Treasury Secretary Robert Rubin for using accounting gimmicks—such as borrowing funds from federal employees’ retirement funds—to stay under the federal debt ceiling, which the GOP was loathe to raise. Fast forward to the present, when House Republicans are demanding that Bush Treasury Secretary Paul O’Neill do ... exactly the same thing.