Digesting the Bailout Baloney

Digesting the Bailout Baloney

Inside five bizarre provisions in the bailout bill.

Posted Friday, October 3, 2008 - 11:23am

Who put it in? Possibly Senate finance committee Chairman Max Baucus of Montana; in 2006, he inserted a provision into a pensions bill that extended the life of the trust. Neither Baucus' office nor the American Sheep Industry Association had returned a call from The Big Money seeking comment by Thursday night.

How much will it cost? $148 million over ten years.

Whose gonna give you a wooden arrow? Section 503: "Exemption from excise tax for certain wooden arrows designed for use by children."

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Line Item Veto

This seems like the penultimate argument for giving presidents a line item veto.

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