SMRs and AMRs

Wednesday, March 06, 2013

Another exercise in faith-based budgeting

On the budget, it’s 1995 all over again

By Matt Miller, WashPost, Wednesday, March 6, 7:27 AM

The Dow hits 5,000 for the first time. Tom Hanks wins the Oscar for “Forrest Gump.” Pete Sampras sweeps his third straight Wimbledon. And Newt Gingrich and Bill Clinton clash over when to balance the budget.

It’s retro but true: The budget wars are about to make it 1995 all over again.

Let me explain. Right now Washington is obsessed with the sequester and the blame game and the “continuing resolution” and the next debt-ceiling showdown. And not without reason. Heck, the president is canceling White House tours, so things are tough all over.

But Paul Ryan’s new budget, slated to be unveiled next week, will alter the debate in ways no one has prepared for.

(More here.)

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