Notes from JWR:
Now feeling fully Sequestered and safe in the American Redoubt, your Editor notes that the sky has not fallen, as predicted by the pundits on MSNBC. In fact the $109 billion in “dreaded automatic budget cuts” are merely a decrease in the rate of budget increase. Federal spending will actually be going up by more than $14 billion. But I’m sure that BHO and company will misdirect as many departmental cuts as possible, to maximize the perceived stress. Much anguished hand-wringing, nay-saying and fear mongering, to follow in the weeks to come. They will no doubt brand it a “crisis.” …