A few comments seem universal. 1 - The cuts aren't deep enough to impact the deficit meaningfully. 2 - The cuts are drawn mostly from the small percentage of the budget that is non-defense discretionary spending. 3 - This is the first step of a political process that will involve a great deal of bargaining and posturing. No one wants to stake a position now that will prove politically problematic next November.
- Stress Testing the Budget.
- Andrew Sullivan is unimpressed here, and here. But he isn't sure Republicans will take advantage of an opportunity.
- David Brooks.
They'll be much more to come.
