Sunday, June 3, 2007
Disappointing
I don't know what this means for PAYGO, but it is not an encouraging sign. It will be hard to claim any high ground on Republicans on spending when this is the result of Dems only chance to differentiate themselves from Republicans of the last 6 years and and Dems of the 70's and 80's. The underlying problem is that fiscal realism does not sell with any critical mass of American voters. Everyone is for someone else to take the financial pain. As long as they don' t have to chip in. We are a bunch of financial lemmings. (Nice try David Obey. Political/financial realities bite whomever is in charge.)
But the news is not all bad. Pelosi sticks to her guns on ethics. When only House members can file ethics complaints, the tendency for hard ball politics to take over is way to strong. Has been for decades. This would be a major improvement in reforming Congressional-Business-Lobbying relationships. Some of the revelations would likely be painful, but such is the way of harsh medicine long overdue.
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