Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999.
At the insistence of the Bush administration, Congress in 2006 passed legislation that required the Postal Service to prefund, over a 10-year period, 75 years of future retiree health benefits.
In 2005, Republicans passed a 360-page reconciliation bill without a single Democratic vote that provided deep cuts to Medicaid and raised premiums on Medicare beneficiaries.