Uncle Sugar II

Here are just a few items from the Senate’s bailout package:

• The FDIC deposit insurance limit would increase from $100,000 to $250,000 through 2009.

Because encouraging people to spread their risk around just now would be wrong.

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• The bill would provide tax relief to victims of recent natural disasters.

Because not enough Texans were on board.

• An AMT “patch” to gloss over the AMT’s “bracket ratchet” for a while longer.

About time, although it doesn’t go far enough. The Senate deserves some mild applause for this move, but few will notice with all the rest of the clutter.

• Mandate some mental health coverage.

Because you’d have to be insane to vote for this thing.

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