A public option, which the fair and balanced Associated Press defines to be “the term used to describe a new government role in healthcare,” experienced a minor setback today as Senators tried to trim a bill to fit the president’s budget. Even so, the surviving product proposed only excluding the very wealthy from eligibility for government-subsidized healthcare. Meanwhile, the folks at the Cato Institute continue to read the bills and comment on what they really say and what their natural consequences will be.