Investors' Business Daily calls the line item veto "Budget Tweezers"
According to an estimate by the Congressional Budget Office, spending on the Big Three entitlements (Social Security, Medicare and Medicaid) will go from 41% of the federal budget in 2000 to 65% in 2040, with overall federal spending rising from 18.4% to 23.8% of GDP.
President Bush and the GOP congress certainly cannot be labeled conservative if judged by their ridiculous spending record. With few exceptions, our representatives are career politicians, and that mindset almost eliminates any chances of cutting spending. Term limits is the only serious, long term spending solution.