Line-item veto in and of itself is not the end of the world, IMO, however in the context of this Adminstration, it looks like yet another move to consolidate power under the Executive, always done with Republican adminstrations, particularly so with the asshats we now have in the White House.
None of them are to be trusted. Bush and his people are only acting in the interests of themselves and their rich friends. What a sham.