New federal health plan: DOA?
I don't know whether the administration's proposed $700 billion bailout of Wall Street is a good idea, either straight up or with changes proposed by Democrats. But I can do a little math, and the math tells me that if we taxpayers are spending this kind of money on this initiative (which may end up costing a lot more than $700B), there's going to be roughly zero left over for any kind of major government initiative, whether it's health care, public works, economic stimulus or what-have-you.
UPDATE: There may not be any tax cuts for a while, either, and the sunsetting of the tax cuts of the early Bush 43 administration may now be a foregone conclusion, particularly if the Democrats strengthen their hold on Congress.
