I won't lose sleep over automatic spending cuts. The "fiscal cliff" frightens me less than the bankruptcy cliff.
The "cuts" aren't cuts at all. They're only reductions in the rate of growth.
The old baseline budgeting trick, indeed.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
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