Tuesday, May 13, 2003

Dept. of Spineless Politicians
(Maybe that is redundant?) Two Democratic Senators have indicated that they are willing to consider a tax cut package larger than $350 billion agreed to by the Senate last month. (CNN) Senators Bayh (Indiana) and Nelson (Florida) each signaled that they were open to a larger package, if the details were right. Although there are probably scenarios under which an increased plan might be a good thing, such as a major payroll tax holiday, I doubt that anything this administration would offer might actually be beneficial in the long term. It is sad to see two New Democrats show their willingness to cave and sell out on the principle of balanced budgets.


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