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When is entitlement spending bad?

When it is spending by the other party. Bob Laszewski points out the hypocrisy of Pres. Bush's latest rant about the Democratic budget bill's "excessive" discretionary spending.

Bob notes that Bush's opposition to entitlement spending is a rather new thing, as he was not opposed to passing the Medicare Part D bill, one that saddled taxpayers with an $8 trillion debt.

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