Wednesday, March 25, 2009

No Real Change

Notably, Democratic leaders in both houses are pushing packages that call for narrower deficits and less spending than proposed by the White House. And those levels could go lower, especially in the Senate, where moderate Democrats from conservative states will be an important factor in the debate on the floor next week.

WSJ

Even OMB Director Peter Orzag is quoted as saying that the House and Senate proposals are 98% similar to the White House proposal. So much for Congress establishing its own independence. Our only hope now is for the 51 Blue Dogs in the House to jump ship and act reasonably. I am not holding my breath.

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