Friday, February 16, 2007

Titanic Spending

While Medicaid Part D is, I admit, not as bad as it could have been it was, nonetheless, unconservative at best and reckless at worst.

It seems to me that while the previous administration re-arranged the deck chairs on the sinking ship of entitlement spending, this administration punched another hole in the bow.

Now McFadden exclaims, well at least the ship is sinking as fast as the detractors had feared

Hat tip to Mankiw