The Old Line takes incoming Gov. Martin O'Malley to task for his cautious start to his first year as governor and contrasts his unfavorably with new New York Gov. Elliot Spitzer. Gov. O'Malley may be reluctant to propose changes until he has a closer look at the books, but his political capital will never be higher--and the next Maryland elections never farther away--than this year. On the other hand, we should probably wait until O'Malley releases his budget proposal next week to see how cautious the new administration really is.