BUSH'S BUDGET
Bush lied. Not, in my view, about weapons of mass destruction--that was an error, not a lie--but certainly about the costs of that Medicare drug benefit. Everyone with a brain, including the wavering Republicans who were supposedly persuaded by the administration's bogus projections, knows that new entitlement projections are always too low. Now we'll get the second act: Demands for price controls. That, too, was inevitable. What's amazing is how little time this all took.