Saturday, February 21, 2009

Non-Paper Daily, 2.21.09

*The Obama Administration is doing away with "smoke and ladders" techniques that are used to make the budget deficit appear smaller than it really is. That is good news, of course, because we should all know the damage being done to our bank account from all of our overcommitting. There is an upside, of course, for them. If things turn out well, a bigger deficit now will make it easier for them to say, "Look, we lowered the deficit!" A trade for taking all the heat they will now.

*Senator Dick Durbin, Illinois's ranking senator, is heavily hinting that The Magic Man needs to resign. In the last two days, both the Magic Man's press secretary and chief of staff abruptly resigned. Not good signs for the short-term senator.

*Apparently there are not-so-secret meeting going on on Capitol Hill concerning health care reform. More as that develops, but it sounds like a the groundwork is being built. Good.

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