WSJ OPINIONAugust 11, 2013, 6:18 p.m. The Budget Sequester Is a Success
The Obama spending blitz is over and the deficit is heading below 4% of GDP
This is about the only way we’re going to cut budgets in this environment, I think it is unrealistic to expect congress to manage its way out of this given the inability to horse trade and really sock it to any constituency, given the rules of the game as played today. The big remaining problem is the locked in promises inherent in the big ticket entitlements.