Treasury Secretary Hank Paulson, December 6, 2007, talking about the Bush administration's mortgage program:

"...the risk of litigation should be manageable."

Treasury Secretary John Snow, July 18, 2003 and throughout his tenure talking about the federal budget deficit:

"...our deficit level is manageable..."

Does the second statement give anyone confidence about the first?

(NOTE: The emphasis in both quotes is mine, but that hardly matters.)