Dick Gephardt formally announces that he’s running for president (I was surprised to discover he hadn’t announced yet), promising to raise taxes and create a massive new federal health care entitlement. Presumably, an endorsement from Walter Mondale is in the offing. Gephardt does stick by the president on Iraq, though, despite some silly carping about “the president’s go-it-alone rhetoric.”
In a not-unrelated story, Canada has basically admitted that the costs of its program of socialized medicine (just the costs, leaving aside the crummy services you get for all this money) will spin out of control over the next decade.