February 10, 2004

Return of the Line Item Veto

According to The Hill, Bush has a plan to revive the line item veto. Even though it was declared unconstitutional as a usurpation of Congress's legislative powers (contrary to what the article claims), it seems that Bush is trying to narrowly construct such a power around appropriations only, with a fund to take the "waste" of Congress and use it to pay off the people's deficit. This, of course, fits in nicely with his claim that the deficit is mostly due to spending in Congress. I don't know, this whole debate is being mangled by using and misusing categories of spending and institutional blame interchangeably. The issue and the terminology needs to be sorted out, lest the whole election go forth with Bush claiming that it is a Congress hell-bent on spending that has caused the deficit, while we still don't know how much Irag/Afghanistan or the Medicare bill really cost. I'm no economist, but this stuff is elementary.

Posted by Palabris at February 10, 2004 01:39 PM
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