[quote=burghMan][quote=ucodegen]It takes several years for the policies of a Governor or Legislative body to have an effect. [/quote]
Does the lag in policy and effect also apply to presidents?[/quote]
Simple answer – yes.
More complicated answer – to a large part yes, presidents can also hand their successor a ‘time bomb’ – an example that many don’t believe is actually the ACA (aka Obama Care). Note that it was passed many years before it came into force, and it came into force towards the mid-end point of Obama’s second term. The time bomb part is the ‘sponsoring’ or ‘aid’ for those whose incomes are lower than a certain threshold (which is approx the lower 30% to 40% income threshold by population count). There was never any direct ‘line-item’ in the budget. It is more of a continuing ‘entitlement’. There are approx 300 Million people in the US (including children). If there is an average financial assistance of $300/month per person below that income threshold, that ends up being $3,600 per person per year or $1.08 trillion a year on what is basically unfunded mandates. I know that I was charged nearly $1,000/month for health care – no prior, no existing problems, on a bronze plan as an individual. That also means the $300/month average assist per person is probably not far off. Insurance costs jump as you get older.
Another one is the overheated markets handed over from Clinton to Bush. The ironic part of this is that it is starting to look like Trump is going to hand an over extended market over to his successor. We have yet to see whether the addressing of China’s abuse of the market really pays positive dividends. (I’m not really upset at China – they have responsibility for their people and country, more bothered by ‘our’ or the US’s behavior – and not thinking about all the hidden costs associated with outsourcing and tech transfers)
