Wednesday will mark the day Mark Sanford, governor of South Carolina, rejected “some” of the estimated $8 billion in federal stimulus money his state is slated to receive. Sanford’s anti-deficit spending stand has sparked talk that the Republican may be eyeing a 2012 presidential campaign. Updated.
On Friday the House approved, after initially rejecting, the $700-billion bailout package for the financial industry in what is likely to be the most expensive government intervention in the nation’s history. This, of course, only slightly surpasses another notable “government intervention”—the nearly $600 billion spent in the war in Iraq.