Political capital spent, Bush applies for interest-only loan

News & Politics

"Just six months after declaring that he intended to spend his 'political capital,' President Bush appears to have done just that. With that capital now spent, the President is following the lead of millions of Americans and applying for a risky new lending tool known as an interest-only loan," writes Deanna Swift. "The loan will give Mr. Bush the cash he needs to cover expenses—including this summer's blockbuster 'Social Security on the Verge of Collapse-a-pa-looza' tour—while allowing him to make payments solely on the interest of the loan." (The Swift Report)

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