Deficit, Schmeficit.

Cheney breaks the tie as the Senate GOP pass the third-largest tax cut in history, one that includes a three-year moratorium on dividend taxes. Dems Zell Miller and Ben Nelson (and eventually Evan Bayh) joined the Republicans in passing the cut. (Republicans McCain, Chafee, and Snowe were opposed.) Of course, this tax giveaway for the rich does nothing to address the largest budget deficit in history…but that’s a problem for Dubya’s successors, isn’t it? And children don’t vote anyway.

A Sucker Born Every Minute.

The President and his cabinet take the Dubya dividend debacle dog-and-pony show on the road. But be careful if they come to your town – as per usual when Dubya and the economy are mentioned in the same sentence, you may just find yourself working overtime. Update: Proving once again the power of the Big Lie, Dubya accuses tax cut critics of “class warfare.” And in a joint statement, Montgomery Burns, Scrooge McDuck, and the Monopoly Guy asked, “Can’t we all just get along?”

At long last.

Dubya may have tied up the release of the Reagan papers indefinitely (hmm, whatever for?), but at least one branch of government has the courage to air their dirty laundry. Senators Susan Collins and Carl Levin announce the release of the McCarthy hearing transcripts (available here.) There’s probably a number of good dissertation topics in there…

The Other Shoe Drops.

As it turns out, the new GOP-spawned hybrid tax bill mentioned yesterday offers even more to the wealthy (and less to the poor) than Dubya’s dividend debacle. Why am I not surprised? If the Republicans keep prostrating themselves before the filthy rich like this, that giant sucking sound you hear will be the GOP moderates defecting en masse a la James Jeffords, who’s now comfortably ensconced in the Democratic leadership.

Where’s the Outrage?

All over the press this Saturday morning: moral exemplar William Bennett is a high-roller, losing over $8 million in the past ten years at various casinos. I play a biweekly poker game and have been known to throw down some money in Vegas, so I’d be the first to argue that gambling within limits is a minor vice at worst. But then again, I haven’t made a living peddling sanctimonious garbage like The Book of Virtues or The Moral Compass either. Yes, this is gotcha journalism making entirely too much out of a mildly disreputable pastime – it’s not like Bennett is a child molester or anything. But that doesn’t mean I won’t enjoy watching Mr. Virtue squirm on the petard of his own hypermoralism. Mr. Bennett, is schadenfreude a forgivable vice in this instance? Update: Mrs. Bennett drops the hammer. Update 2: Mike Kinsley weighs in, also invoking the schadenfreude angle.