Magic Nanny is pooping out "rebates"

President Bush signed legislation Wednesday that will result in cash rebates ranging from $300 to $1,200 for more than 130 million people.

Considering that Washington has no money to pay for these rebates, only the promise of more national debt, isn't it about the same as eating out of one hand and pooping in the other, and then switching hands?

Yes. I think it is.