Matthew Yglesias has been hammering the Bush adminstration lately regarding the budget, and he is half right. He is wrong about tax cuts, right about the lack of fiscal restraint. Today he seized upon a this gimmick by Frank Lautenberg:
Senator Frank R. Lautenberg, Democrat of New Jersey, unveiled a mock credit card with President Bush’s picture on it, drawn on “The Bank of Our Children’s Future,” which was stamped as over its credit limit.
Matt says this is a great idea- he might want to pass it on to the GOP in California:
California Gov. Gray Davis unveiled an overhauled $96-billion budget on Wednesday that relies heavily on more borrowing paired with tax increases and spending cuts aimed at closing a record shortfall projected at $38 billion.
Davis, a Democrat, backed away from his earlier call for steeper tax increases and program cuts in the face of opposition in the Democrat-controlled legislature, choosing instead to borrow more and shift the burden to future years.
We couldn’t find ANYONE to beat Gray Davis?