It seems that the horrible budget figures still include about $600 billion in revenues from a 100% auction of emissions permits under the cap-n-tax scheme. Obviously, the president hasn't realized that the climate bill he wants passed gives away 85% of permits for free (so presumably he hasn't read the bill either). Will Yeatman has the details at Globalwarming.org.
Remind me again, why isn’t Condi Rice running for president?
33 minutes ago